Due diligence (especially with more complicated transactions) often reveals conditions that are or were not available initially.

There are two separate issues here: one is combining your personal and business banking which can complicate filing your taxes and is generally frowned upon.

The term didn't exist before because it is unnecessary.

It is such an incredibly simple addition it makes no sense that this is so complicated.

This simplifies legal compliance and may avoid additional fees or complications from registering as a foreign entity. 

I’m not kidding.I know this is more complicated than you intended, which is one reason to look at professional private or hard money lenders (sorry, still lecturing), but you owe it to your investors to protect them and ensure they know exactly what they’re getting into.Best of luck to you and your lenders, Anthony.

@Nikhil MascarenhasDifferent people go different routes depending on their risk tolerance, their amount of equity and compared to other assets owned, how patient they are with a complicated set-up and high legal fees, whether they view the $800 as game-changing or just a cost of doing business, etc. 

We build our models in excel and try not to over complicate them (even though ours is pretty complex).

We’re targeting companies managing 200+ units, where tracking tenants and optimizing property performance can get complicated.

Not sure why the city website doesn't have one as the rates are different every year making it complicated to calculate.