A good way to avoid this in this future is to use a vendor worksheet/package that request the pertinent contact information along with a document request for the filed out W-9, copy of business license, Worker comp and liability insurance certificates.

Some due diligence on the document side.

What documents do they require, what credit scores do they allow, how do they verify previous rental history, etc.?

Both times the owner's insurance company ended up covering us and NOT the owner (their client) and the owner had to pay our legal fees.Your PMC doesn't seem to be on top of this and you state is already blaming you, so you may need to document that they are the problem, not you.

.- Will still be challenging to acquire a SFR at a low enough price to justify the cost of any conversion.Regarding Michigan property taxes, we have a one-page explanation document we'll share if you DM us. - The challenge in Detroit is that the city is "deliberately" keeping SEVs low to not scare investors away over property tax increases.

I’ll give you some quick numbers.There is $385k left on the loan I am assuming from the seller at 4.25% for the next 2.5 years. 7 units currently are rented out paying $725 a month and I have documentation of this.

You would have ongoing filing requirements with the State and would need to keep business records and documentation.

Increase Your Cost Basis: Document and include the costs of significant improvements made to the property in your cost basis.

First she documented the alt-right.

This does not include the actual cash flow, refi funds, acquisition fees, etc. i agree I was not expecting 12 pages of congrats either, more just to document the steps I took as many people have asked “how” I was able to do so.Originally posted by @Timothy M.