Quote from @Abhijit Roy choudhury: Financial Crime enforcement Network, requires reporting of Beneficial Ownership Information filing by 01/01/2025.Does this apply to us, Rental LLC owners.

At no time was I informed that what I was doing was going to cost money.

@Zach Denny Did you ever put your deal together, if so I'd be curious what the bank required on CLTV and if you had to source the total down payment (PP-First Loan) then apply seller second, or if the bank let you do all that at closing functionally making your DP = PP-First Loan-Second Loan.

Or only to properties being managed in an external Property Management function?

If you're looking for software with strong rental accounting capabilities though, there are apps that have this functionality built into them (rather than paying extra through RentRedi to use the REI Hub.

Our federal government, operationally does not function very effectively and certainly not efficiently. 

Lenders stopped allowing rent by the room due to modifications done to the property resulting in functional obsolescence and significant cost to cure in the event there was a default and they needed to foreclose on the home and resell it, given that the main buyer pool for single-family homes are primary occupants. 

I find new lending opportunities by networking at local RE Meetups, Training Classes and real estate functions.   

.: An appraiser's word for 7 is functional obsolescence...

Secondly, calendar and email functions/apps on computers and smartphones provide great records and a log.