Keep in mind that they can increase that period if they get complains from the community, so make sure you're in good relationship with your neighbors.

Also, you don’t need a business license just to look at properties, but if you buy a bigger property, like a multi-family unit, you might need a certificate of occupancy, depending on the local rules.For business trips, most expenses can be deductible, but if it’s part personal and part business, you can only deduct the business portion.

If the person stops making payments, they alas,  have to foreclose.

I’ve watched a lot of videos on how to screen and how to set up work with contractors, so I’m hopeful to build those relationships more in this area in the future.Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Consult your tax professional: while podcasts are great, make sure you have an existing relationship with a tax professional you can trust.

I look forward to connecting with other investors and building valuable relationships within this community.

However, building relationships with private money lenders can help you scale your business quicker depending on how many investments you want to do this year.

It is unlikely that one person will be able to do a good job in every aspect.

Here is my favorite (among several others, just as hysterical) part of this case:"...Petitioner’s testimony that neither he nor his son used his personal bedroom,living room, or kitchen for personal reasons strains credibility.

This doesn't replace the need for a MSA that will capture additional clauses needed on a Contractor-SubContractor relationship, this is just a project specific form you would use in addition to the MSA (prepared by your Attorney):This template is for informational purposes only and does not constitute legal advice.