Yes the tenant could have done things differently, but just as a manager is responsible for the people under them and their actions, same applies to you as the landlord.

I think that applies to you too - if you want to provide PM services to investors, that's great! 

I'm considering taking the route of applying to be an EDEN Housing Program eligible property. 

While they are living there and doing renovations, I will discount the rent and apply the discount to the renovations.

@John Kelly You’re right that transferring your homesteaded property to an LLC can often disqualify you from the homestead and veteran tax exemptions because these typically apply only to individuals, not LLCs.

When applying for the credit card, do you all use your LLC name or do you apply with your personal name?

Hey BP peeps,When seeking a HELOC, does anyone know of a financial institution that works well with clients that lack W2 income? Most if not all of my income appears on my Schedule E as rental income from a college re...

I know, for one, you should never tell someone not to apply.

Hello Michelle, In order to qualify for a Heloc you will need to qualify just like you would when applying for a regular conventional loan.

But most importantly, they do not need to be paid back.Funding Sources:Local Government/MunicipalitiesState GovernmentPrivate FoundationsFederal GovernmentFamily OfficesCorporationsWhen applying for a grant, ensure you have an understanding of the details such as eligibility, your project readiness, the purpose, funding amount, areas of funding, limitations and deadlines for the application.The prime candidates for a grant are 1) those developing a real estate project or physical space, 2) scaled non-profits and 3) certified non-minority owned businesses.Ensure you are able to provide the following documents before applying for the grant:Show site control through documentationA project description or business planConceptual drawings or renderings of the physical spaceProfessionally prepared budgets for the company and projectWhat does the grant application process look like?