Make sure your LLC is set up properly, and consider hard money lenders for more flexible options.

Just purchased my first SFH rental off-market. Needs extensive work but don't know true extent. I do know it needs P/B foundation repair, new tile, and plumbing updates. My question: is there a general order of doing ...

We would handle the guest communication, coordinating cleaning, minor repairs, stocking supplies, calendar management, etc.

I recommend learning a bit on how to read the financials, but find yourself a great Accountant to help you analyze the financials and tax returns to make sure things make sense and are proper. 

Have them on standby to step in and get the process going to rent it properly.

Seeing as how I'm not sure if you are communicating this properly, but one could be crossing ethical / legal boundaries --- maybe.Personally, the rental activity for that sort of property and tenant would not be worth the time.Thanks for letting us know. 

While all the posts have at lease some legitimate points, I personally believe camp 1 is missing the opportunities present to protect assets under US law mostly because they don’t either understand asset protection, or don’t want to bother with it, so rather than do a proper evaluation they dismiss it as something that won’t work to justify their unwillingness to entertain the idea.Camp 2 is deluding themselves - which delusion has been enhanced by charlatans writing books, giving seminars, and selling packaged plans all of which either attempt to hide your assets or hide the ownership of your assets.  

I’ll try to answer some of your questionsonce a note has matured the note holder has the legal right to call the note due - with proper notification to the debtor.  

Confirm with your CPA that any excess loss was reviewed for NOL calculation and properly carried forward.

Take ownership of your mistake and learn to do the proper due diligence recommended above😊