It's a good little loophole for a short-term rental of your home, including renting it to your own separate business.

I really appreciate the emphasis on simplicity and clarity—especially the advice about keeping non-operating expenses separate from NOI.

Separate HVAC systems are a good idea too—makes things easier for tenants and utility billing.I’d also recommend talking to a contractor or local utility company about what’s needed for separate power meters and mailboxes.

My thought Scott since BP is basically the gold standard with their training courses and we know how popular wholesaling is for beginners and BP having a lot of those starting their journey when you have your training events and such you separate BP from on line Guru's that will just tell you wholesaling with no rules is legal in all states.. which its clearly not.

My post was an emotional response.

Because the owners of Licensing Experts pay ALL CASH, the closing usually occurs 3-6 weeks, which is very fast compared to traditionally financed commercial deals I've seen on Bigger Pockets.The whole thing hinges on their very clever technique of getting existing commercial retail tenants engaged, willing to move into their newly acquired properties who are coming up for a lease renewal or lease expiration, rather than marketing for new commercial tenants - which would take way too long.Licensing Experts is somewhat of a "front" for their Mentorship Platform, as they evidently have many of their own separate entities for which they use to actually purchase and close on their commercial properties assigned by their mentees. 

If you're expecting property owners to sell their home to you at a discount, you'll need to earn their trust - whether that be by demonstrating a successful track record with purchasing/selling similar deals OR by meeting them face to face and separating yourself from the dozens of local investors and realtors.Lastly, I'd recommend searching past posts related to this topic as well as checking out books related to your target investment strategies.All the best!

(Including the guy with the blowtorch neighbors detained who wasn’t charged with arson but instead jailed on a “separate parole violation”.)Read two statistics today that seem insane. 267,000 cases of arson in 2023 nationwide. 13,900 fires in JUST LA in 2023.

Below that is a parlor floor, which has the highest ceiling in the building and this floor is connected to the ground floor via an interior staircase which we added doors to both ends to break up the lower duplex into two separate living areas.  

I use a separate email dedicated for mortgage business and a PO Box for all investment business mail that I check weekly.