We wanted to test out the Padsplit model and have it in our portfolio.

To expand, @Ben Whittington, Dennis Doss and Anthony Geraci’s firms can prepare a customized set of loan docs for you in any state. 

We’re sorry to hear that your experience fell short of your expectations, we value this opportunity to reflect and improve.We worked closely with you for over a year to prepare your property for success in the short-term rental market.

A lot of people will agree, but I did want to provide some context for counter arguments that people may have that you should be prepared for: 1.

Eliminate all your bad debt first, prepare your savings even deeper and put it on a downpayment for a single family house if you do not have one.

They use PRICE LABS to create these score cards that test your price, data is pulled from Price Labs, well guess what you can access that right from Price Labs you do not need to pay them for that.

And even though virtually every sponsor agreement allows me to share investment information with others who might be advising me on it (especially when club members are bound by an NDA), I still ask the sponsor if I can share it, because it's a test.

Just the lab test alone is $$.

@Joe BellevilleTo build a successful multifamily property portfolio in Grand Rapids, set criteria for property type, location, and budget, build a team, analyze deals using the 1% rule, leverage house hacking, leverage local knowledge, prepare for tenant management, network, and focus on long-term goals.

But once you declare to be running a trade or business - then 1099s do come with the territory.If you really want to avoid 1099s and decide to claim to NOT be running a trade or business - be prepared to lose your business overhead deductions upon an IRS audit.