The $150 termite inspection and $160 to treat for powder post beetles (the damage was probably 60 years old) didn’t turn me off a bit, nor did splitting a $1500 parking pad issue that was called out by the appraiser.

I always try to treat people with respect and that includes everyone working for me.

If your goal is to get in the game, have a profitable investment, and build a team to set you up for future growth- the Allentown market will treat you well, even in its current state.

A single member LLC may elect to be treated as a disregarded entity on the member's federal income tax return and report income and deductions on Schedule E of the 1040 rather than filing a return separately for the company.

@Nick WehrleyTalk to your cpa - it may matter if it’s a single member LLC or multi member etc as well as if you were taking depreciation on it and how have you treated it tax wise in the pastNot a cpa nor pretend to be one but a lot of unknowns that you should review with your accountant

I would be the first to ask for this "advanced" type of tracking but I feel with out it you aren't treating these units as a business and are guessing.

Don't paint any exterior pressure treated wood.

Communicate and treat them with respect throughout.

If they are solid, they pick up after themselves in common areas, keep the dishwasher running, and treat it like a home, making it *much* easier for me to keep it clean and ready for STR guests. 1-2 a month as needed I sweep/mop/catch up however needed, clean bathroom, etc.

He stated that he was able to avoid the classification of a security by treating the investors like a bank rather than as a syndication.