The use of a flat fee for higher-value properties is a common practice and can be beneficial in ensuring transparency and predictability in transaction costs.

It tightened up the system and made it harder to file those frivolous claims.I’ve been in real estate here for over 20 years, and while the storms are no joke, it's those past practices that really drove insurers out and drove rates up.

Changing whole buildings over isn't always practical (or prudent) and we will be running buildings profitably with galvanized pipes in the walls for the rest of my career. 

My wife and I are currently starting out real estate journey. 1.5 years ago we bought a dental practice, and last year we purchased our dental office building priced at around $2M with $500k in equity.

Looking at urban infill where people want to live, where the jobs are, where transportation costs are lower etc. is a better and more practical solution IMO. 

What are some of the best practices for finding and approaching private money lenders?

Find Brandon's videos on YouTube for the "four square" method of analyzing homes and practice.

And it appears that the amount of work is not high enough to hire a full time person.Does anyone have some good best-practice or ideas to show how you manage the work load and staffing for similar scenarios?

Hey, that's a great question and definitely a smart one to ask when you're diving into the details of STR (short-term rental) investments.Let me break this down from both a tax and practical standpoint based on what I’ve seen with clients in similar situations.

Under the amended rule, a broker could give an unlicensed person a gift of merchandise having a value of no more than $50 and this would not subject the unlicensed recipient to a charge of unauthorized practice as a broker, nor result in a violation of TREC rules by the broker giving the nominal gift