My long term tenant (a family friend) is moving out and I am concerned how to make sure I pre-screen future tenants effectively without violating any laws. background: this property used to be my primary home and had a very informal agreement with a family friend to rent from me in the mean time.

LMHA gets a staff of a couple dozen people and a big budget to be bureaucratic, the tenant gets cost effective safe housing, and we get steady rent checks)Does anyone else have these issues???

There's potentially a domino effect in the event of an unforeseen major expense exceeding my reserves (mainly thinking in terms of natural disasters) affecting my whole portfolio.  

I sent an email and he acknowledged that the listing has been removed from MLS and that the listing agreement has been terminated…Looking at the listing agreement contract, it states that the “contractual obligation shall remain in full effect unless terminated by mutual written consent by all parties”.Is there a specific form that needs to be filled out or is the email acknowledgment enough?

Hello Lucas, Your question about financing a BRRRR (Buy, Rehab, Rent, Refinance, Repeat) strategy is important for understanding how much cash you'll need upfront and how to leverage financing effectively.

**Market Dependency**: The effectiveness of DSCR loans can be influenced by market conditions and property management.

It's important to understand the difference, and I'd recommend sticking with the REIT with depreciation advantages.The Tax Cut and Jobs Act (TCJA) includes a 199A deduction and applies to certain income from pass-through entities (including REIT dividends) and allows individuals to take the 20% deduction against REIT dividend distributions that yields an effective tax rate of 29.6% or 37% (80% for upper bracket filers).

Both approaches can be effective, but they come with different sets of considerations.Turnkey properties are often a safer choice, especially for those just starting out.

Maintenance and Repairs: Property managers have established relationships with contractors and vendors, ensuring timely and cost-effective maintenance and repairs.

An interesting fact about flipping in CA -- effective July of this year, investors are required to disclose their contractor name and contact information.