I made millions of dollars in the great recession b/c people used excessive leverage and lost properties to their lenders.

California charges a minimum tax of $800 a year per LLC, and more if you have gross receipts in excess of $250k.

I have not charged them late fees, but in totality, it could excess $1k.

Just be 💯 certain that you'll be able to refi that HELOC debt off when the time comes.However...At this stage in your investment career, I would URGE you not to sign up for negative cashflow in the hope that "the market" will save you.

(to prevent excess costs) We don’t have access to WiFi in those units.

The tenant has been facing these excessive charges for about three months but only just reached out to me.In Akron, I understand that the property owner is typically responsible for the bill, though our lease specifies that the tenant is responsible.

I preached in “The Hands-Off Investor”, as well as on stage every year in my presentations at BPCON, that one of the strongest forms of “skin in the game” is “does the sponsor have a brand to protect?”  

I have a nice hi-rise condo unit and I get tons of companies asking if I do MTRs for Visiting Nurses, Tech Professionals, etc.My place is positioned near a number of large DC Metro Hospitals, but since covid work-from-home and recent lift of Eviction Moritorium, I have had few people with jobs, but a ton of people recently evicted looking to rent my place.The one viable group - visiting nurses has been excluded because my HOA will not allow short or mid-term rentals (anything less than one year is a No-No).They claim too many transient tenants cause excessive wear and tear on the property and too many people using resources like the gym, or pool or common areas.I think that's a lot of horse waste!

Next, 10k in damage seems excessive for an emergency leak, since if the leak was in a wall, it would most likely result in most of the water falling into a basement (if there is a basement) or it would pool along the floor.

The photographer's name is Dion and his business is Peek at Properties, he did a great job and was really helpful with staging recommendations for close up shots in the kitchen.