I went back through all my numbers for 2024 and subtracted all the construction costs of improvements we have made and found quite a bit... so once I remove all that net profit looks like $110k. 

I've learned the easiest way to do this is ask the owner to remove everything unnecessary for guest use AND give us permission and the freedom to remove items as we see best.Less stuff in the home, less issues and less work each turnover.

Most investors using baselane aren't accountants or financial advisors.Being able to edit Chart of Accounts, add or remove, is very useful.For instance, I have a client that owns rental properties and build construction homes.

Some services provide numbers that have been involved in litigation, so those are the ones you should definitely remove from your lists.If your lists are hyper-focused, you might manage to get by with fewer removals from the DNC list.There are also non-DNC-related methods available, such as direct mail and digital marketing.

Removing a wall could add value to the home in theory, but for some rental areas, having extra rooms helps.

@Becky Hoffman If one member of the LLC does not care to have any claim to the property as you describe why can't the partner merely be removed from the LLC.

Hiring a PM removes me of land lord duties.Cons: this property is no longer a cash flowing entity. 90+% of money goes to the DSCR and expenses. 

In Michigan, we don't have to treat at all - unless tenant brings in bedbugs or cockroaches.3) Snow removal depends on building layout.

Tom doesnt have any space for his food in the fridge.

Is there a way to remove him from the mortgage without refinancing?