However, I have a daughter at CU Boulder and it would be easy to check on the STR/MTR house while visiting.   

- gather your thoughts and what is important for you two- go to an business attorney and let him explain you which entity type fits your need- let him draft an operating agreement and see if this is what you like and revise it if necassary- ask an CPA and do a conference call between your attorney and CPA and check if both are on the same page and if bookkeeping can be done with that entity formThis is how I structured my 6 entities with family/friends/partners/limited partners/investors ect. 

Check the value with comps.

Even of they do not pay, this judgement will haunt them every time they try to buy anything that requires a credit check, even renting their next place.

Check out the Neighborhood Assistance Corporation of America (NACA) loan program. 

i trust my cleaners, never had a complaint about cleanliness, but it could be. but reading into it, i see that textured LVP can get dirt in them that regular mopping wont get out.

Hi Kareen,Our Editorial Director Account Closed and I actually just wrote articles about our reasons for selling or keeping our primary residences as rentals that you should check out!

I am fixing to put it in 2 more houses, but after your comments, I will go check out the other installs to see how they have held up. 

Best way to reduce the chance of it happening is through good screening when you place a tenant and do regular inspections. 

Can I use a regular email address for my business LLC?