Hiring unlicensed and uninsured contractors is considered  an exclusion under most property insurance policies, meaning you could be giving up that benefit as well.

We’ve since learned that scouting friendlier permit offices not only speeds up timelines but can also reveal unique neighborhoods with underappreciated potential.Chris: Are you planning to focus on Gilbert exclusively, or do you see yourself venturing into other Phoenix areas soon?

I work almost exclusively with investors and a lot of times, out-of-state investors.

But if you're trying to get an exclusive deal, the reality is that you probably have less bargaining power because if they want $296.10/sq ft they know they can put it on the MLS and see if they get any bites.

That Act did create Section 761(f) for QJVs, but... it does NOT have an exclusion for state entities like LLCs.

Unfortunately, many of these companies that do property management and brokerage services include exclusivity clauses in their contracts which I don't think is right.

Hey @Bailey Rentz, I'll say that we use QuickBooks Online exclusively for all of our Clients and they are constantly working to improve the bank feed feature and specifically the connections.

@Angelo LlamasAt the bare minimum, you should do the following to make your bookkeeping easier:- Dedicate one checking account and credit card exclusively to real estate.

Supplement this far simpler entity approach by ensuring you have appropriate types and levels of insurance, you operate your business in a manner in which your conduct is not considered an exclusion in your policy, you work with licensed and insured vendors, you execute contracts with indemnification clauses with these same vendors/ require additional insured status &  maintain appropriate licensing and permits.

Back by popular request: participating in Momentum 2025 will give you exclusive access to self-guided mastermind groups to make real, lasting connections with others on their journeyGet all of the information, and access to early bird pricing here https://get.biggerpockets.com/momentum2025/What questions do you have about Momentum 2025?