Secure liability insurance to protect against lawsuits or property-related claims.

So your super basic P&L may look like: $30,000 Rents-$3,000 insurance expense -$9,000 interest-$3,000 taxes-$8,000 operating expenses-$14,000 depreciation ----------------$7,000 loss on paper for the year  so negative taxable income But remember- $14k of that (depreciation) was something we didn't actually spend money on- so cash in bank at year end would be $7,000. 

.- Documents were promised week after week, but never delivered.- The investment portal is not properly managed, kept up to date or actively used to track financial progress of LP investments.

Just know that it is a "no days off" kind of business and very mechanical.I would suggest documenting your process via video so that eventually you can bring people on to replace the different hats you will be wearing.Keep in mind of these 5 components of any wholesale business.lead generation, deal sourcing, underwriting, marketing, transaction coordination.

It couldn't hurt to call a couple attorneys right away to see what they say in terms of cost and suggestions for dealing with this quickly.In terms of mitigating any legal issues with your tenant be sure you are documenting every conversation you have had with the HOA in terms of asking them to make the necessary repairs.

With an 8% mortgage rate, they would pay more than $650k in interest.One major problem for both buyers and owners beyond mortgage rates is the rising cost of property tax and insurance.

I understand that the interest on this HELOC should be tax-deductible, and I have documentation to support the transaction.

A review of your offering documents makes clear that investor money is considered game for any purpose.

@Brittney YangFor the actual legal document, get an attorney.

Once pre-approved, gather your financial documents like pay stubs, tax returns, and bank statements.