Reach out if you would like to compare options or revenue potential for different homes and communities. 

It was in response to a potential emergency situation (ex: a water heater in one of my units was leaking and they paid a little over $2,000 for replacement).

When filing the LLC return, it is important to ensure that these liabilities are accurately reflected on the balance sheet.However, it's essential to note that distributing the refinance proceeds among LLC members could potentially be viewed as a taxable event if there is no intent to repay these amounts to the LLC.

Due to high premiums, expenses increase, and cap rates and cash flow potential decrease.

I was wrong to fall in love with the potential of this development.

I may not have the experience yet, but I’ve got the energy and determination to make it happen. 

This is not the norm right now, but I do believe over the next several years, we will see more sellers accepting this asset due to its potential and hedge against the deflating dollar. 

I worry that a disgruntled renter could see potential deep pockets if they did their research. 

I specialize in STR & Co-living concepts, which I recommend for the highest rental income potential!

Start by formalizing a lease agreement, evaluating potential renovations to maximize rental income, and deciding on a rental strategy (short-term or long-term).