DC Housing told me to look up our address on affordablehousing.com, and that is the max we can rent the property, it shows $4,270, and I would like to rent it at $4500.I posted the unit on Zillow at $4500 to gauge the response, and I got 15+ applicants within a few days.

Originally posted by @Michele Davidson:@Alex YeaterWe are selling our bed and breakfast business complete and turn key with wedding items.

After the appreciation we have been experiencing post 2022 and what we have been witnessing the last 2+ years its hard to pick a spot and be confident on appreciation.

@Chris LauerRecommend exploring as many sources as possible to get referrals AND cross-reference them to get as much accurate information as possible.Check out NARPM.com, BP’s Property Manager Finder (BiggerPockets: The Real Estate Investing Social Network), etc.Also, encourage you to learn from the mistakes of others - by reading posts here on BiggerPockets about owners not having their expectations met by their current Property Management Company.

Electing disregarded entity status avoids additional filings while achieving the same tax outcome.This post does not create a CPA-Client relationship.

This post is to seek advice on where to begin, I currently do not own a home or any property.

Earlier in your post you shared that your friend planned to pay the contractor invoice but at the end of your post you ask whether your friend should pay the invoice in full.....and this is after selling the property and presumably being recapitalized. 

Hey Charlotte,Saw your other post, but happy to respond to this too.

Following this post.

Consulting a CPA or attorney can ensure you're structuring it efficiently for both taxes and asset protection.This post does not create a CPA-Client relationship.