Consider the potential for increased property value and rental income against the additional management responsibilities and possible tax implications.Remember to consult with local authorities and possibly a real estate attorney to ensure full compliance with all regulations in your specific area.Let me know if you need funding for the rehab.Regards,Jackson

. #4 Once you're comfortable with everything and you find a deal you like, pull the trigger.

Energy-efficient features, soundproofing, shared amenities, and local zoning compliance are crucial.

Although I don't personally like the trends, they were supported the City of BBL's October Compliance & Occupancy Data, which provided the following:1 - The occupancy rate for October was 38%, which compares to 55% prior year; 2 - Average nightly revenue dropped by 36% on a year-over-year basis; and3 - Demand decreased by 22% on a year-over-year basis, while SUPPLY ALSO INCREASED by 13%!

Maybe it will motivate them to make the repairs and give you a Certificate of Compliance so you can move forward.Even if they comply, I would probably file a complaint against both REALTORS once the transaction is closed.

In California, people don't want to disclose significant home upgrades because it could trigger a Prop 13 property tax reassessment. 

If so, then the seller will have to turn those funds over to you once he receives them or be out of compliance with your agreement.  

You can keep all your properties under one roof, so to speak.Cost Considerations: Keep in mind that setting up an LLC comes with some costs, like filing fees and compliance stuff.

You can have no active participation in any investment made in your retirement account without triggering the unrelated business income tax.  

I’ve actually been a part of BP since 2017 now but too afraid to actually “pull the trigger.”