If the homeowner doesn’t comply within a specified time frame, the city may step in to demolish the unsafe structure and bill the owner for the costs.

If you have tax-specific questions, please feel free to connect and reach out!

Looking to purchase one and struggling with the right calculators to determine the real metrics.As I understand it (recently looked at buying a former bnb) you need to treat it like any other STR with your extra costs such as food, etc  baked in to the expenses.

If you had 50k in credit card debt for business startup costs (not real estate) with a 3-4-year plan to pay it off, high debt utilization in the meantime and a 620 credit score - but wanted to start investing in rental properties - what would you do with 20k that falls into your lap?

Whereas, C class neighborhoods will likely cash flow nicely because of the cost entry point is a lot lower.

First you have to determine if you want to go Lead Free or Lead Safe.

Some arbitrage operators also try to get multi-year lease terms, security deposits waived, free rent up front, and the like.

Happy to go into more detail with you on how we do this, so feel free to reach out with any questions.

It benefits your property hugely to have these cleaned and it doesn't cost much.

I've posted on this subject quite a few times, feel free to check out my previous posts but your objective as a real estate investors should be to avoid claims and what you are proposing offers no greater protection than owning the real estate in an LLC in the state where the property is located or where you reside.