Though it may cash flow well based on their current debt service, when you compare the income it produces to the equity they have is it actually even a good investment for them from an ROI perspective or would they be better off liquidating and redeploying?

•Find out who actually makes decisions—tenant approvals, renewals, evictions.

Best, Alli McGee Actually it doesn't allow you to open your projects.

For structuring your business, consider whether you actually need an LLC or if umbrella insurance might be a simpler alternative.

There are only 2 ways, as I see it in the current market, to get actual income/cash flow from a rental property - a paid off long term/mid term property or a well bought short term or rent by the room rental.

Click on "images" and you'll see actual examples of forms, most of which can be downloaded for free.

Keeping 8 percent on security deposit would probably be ok because it is actually rent because tenants did not pay.  

Crickets...At this rate, it will be 2+ years before the project is finished.Anytime you ask for a project plan or schedule you will get vague responses with no actual plan.

Things like this are why it's important to work with a professional who is well versed in real estate taxation because the "common/simple" strategies taught frequently like BRRR or house hacking actually get fairly complicated when it comes to handling it correctly. 

Thanks to COVID, for a couple of years, you can actually make enough money to be cash flow positive even if you hire a property manager AND have mortgage payments.