Also, your sibling still effectively gets a discount since 50% of it goes to paying him/herself.In regards to what should be in the operating agreement, the attorney who drafts it for you would be in the best position to answer that. 

If a tenant repaints walls with neutral, nice colors and does a good job, without damage to the house, more power to them because it saves me a paint job.

Effectively what that did for us was amortize our $30k Heloc over 30 years at a lower interest rate.

It would be a few days late over holidays and after the hurricane (so they could check for damage)

So if we are using this business credit card to buy some of the materials for the reno, then we rent it out, then we use the cash flow to start paying the balance down, how will that effect the cash on cash return?

The hurricane caused damage to the roof and instead of fixing it, the HOA decided to replace it.

This has the effect of decreasing percentage returns, since additions to equity increase the denominator of return calculations.

The Related Companies, a property management company in Worcester were recently ordered to pay $75,000 in damages for exactly this kind of violation.The bottom line is this - treat every single individual the same.

That means your insurance is going to pay for the damages and you’ll have a insurance claim on your records.

Charging landlords for tenant damage.