I have all kinds of contacts in the florence and muscle shoals area. feel free to reach out ill be glad to share my team with you.

Insurance issues, you can’t declare homestead for an LLC, you lose your section 121 exclusion for taxes on profit, assuming you live there for st least 2 years and rent it for less than 3 years before selling, etc.

The authorizing documents (Articles of Incorporation, or similar) that create the entity are recorded along with the other Governing Documents of the Association, such as By-Laws, Declaration, Plot Map, and House Rules with your State or County the same as Mortgages and Deeds.

If you are buying a "secondary home" in Connecticut, and going up there to visit part of the year, and still living in Florida, occupying your "primary home" in Florida full time, still declaring your Florida residency, working in Florida, keeping your "homestead tax exemption" in Florida, etc....then you won't be subject to Connecticut income tax.  

Disclosure Notice:Credit Reporting and Tenant Performance Tenant: Name HereAddress: Social Security #:Telephone #: Phone NumberRental applied for:Lessor / Agent/ Landlord(s): Credit and Tenant Reporting StatementLandlords engaged in the rental of housing and collection of rent may report and share positive and negative payment information with credit bureaus, tenant reporting agencies, other landlords and financial institutions.The prospective Tenant understands that the above named prospective Landlord may report various tenant and credit information to national tenant and credit reporting bureaus including but not limited to Experian, TransUnion, Equifax and The National Tenant Rating Bureau.Positive or negative rental history will be determined by the following factors: Rent payment record Cleanliness and upkeep of rental unit Overall tenant performance and cooperationFurthermore, I declare under the penalty of perjury that the information I have given on my application and verbally is true and correct.------------------------------------ Add signature and date blocks

Sometimes a flipper gets sued on another deal and they end up declaring bankruptcy, abandoning active rehabs or developments.

A little about myself/situation: I am originally from Toronto but I am working in the US (declared myself as a non-resident in Canada) but wife is American citizen.

Upon reviewing your application, your declared income amounts to only 2x the monthly rent rate.

Then the homestead declaration, utility bill, drivers license and voter registration affidavits from neighbors, your pictures on the wall and clothes in the closet are all things you could use to answer   the question.

You then split the balance of the distributions in a 50/50 manner.On his tax return, he will need to declare that property management income separately and he should consult with a tax advisor on the correct/best way to do that if he doesn't know.