– I’m exploring whether I can remove the SRO designation and replace it with Artist Dwellings, but I’m unsure of the legal requirements or how this conversion works.If anyone has clarity on the definition of Artist Dwellings or proven strategies for making this type of conversion, I would greatly appreciate your input.Thanks in advance for any insights!

FYI-  for a long term rental, a lender will consider the income right away (75%) if there is a signed lease agreement or an appraiser' estimate STR/MTR Income Must Show Up On Your Tax Returns- Before a lender can recognize that income for underwriting to offset your DTI, they must see it reported on a schedule E on your most recent tax returns. 

I recognize it's all market dependent,  but what are you seeing work where you are? 

They need to recognize the problem cash for keys (for poor behavior) causes and recognize evictions are an expense related to being a LL.   

Your current Lease and payment terms are recognized until [DATE]; however, moving forward, please send all payments, maintenance requests, and correspondence to the address listed at the top of this letter.If you are currently using an automatic draft, cash deposit, or other form of payment to pay for your residency, please contact your financial institution immediately so as to avoid any late fees and/or eviction notices.I have included with this letter a Tenant Update Form for you to fill out.

For example, if I have 100K burning a hole in my pocket and don't know how to put it to work in RE, then maybe a good and proven 10K mentorship might be worth.

Treble damages are available under the statute if its proven to be a pattern or practice. 

Many people in other parts of the country times do not recognize this.

By recognizing the potential in a low-cost property and acting quickly, we avoided complications and captured a solid profit.

His advice was solid and it is important to recognize what all it takes to succeed.