So I've been doing my own taxes in Turbotax for 20 years now (I only own 2 rental properties but both were BRRRs), and I finally got stuck on something and went to a CPA 2 years ago, and he reviewed my past 5 years of returns and pointed out that I had made multiple mistakes (incorrectly categorizing repairs vs capex, calculating basis and therefore depreciation wrong, failing to realize that certain expenses for a home converted to a rental property start being deductible the day the property was placed in service vs actually occupied, the list goes on). 

For business owners, having a separate legal entity, such as a corporation or limited liability company, provides the unique ability to create a credit identity with business credit reporting agencies, also known as a business credit profile.Reality check:  > Funding your business with your home equity or personal savings/guarantee is a HUGE risk  > ~45% of Small Businesses applied for a Business Loan in 2023  > Less than 2% of SBA Loans are actually funded/approved  > 29% of Small Businesses FAIL because thee run out of Capital  > Your company’s name on a credit card is NOT corporate credit (if you used your FICO score to get it)  > Business (EIN) credit will open new ways to finance your growthIf you keep doing what you've always done, you'll keep getting what you always got!

I know in my failures, every time i failed it was because of not having a values alignment.

Water charges are lienable and will remain with the property if the tenant fails to pay.

If you fail to follow the rules, you may open your personal assets to a lawsuit.

If the nonprofit fails to make payments multiple months in a row, would I be evicting them in the same process used to evict a RESIDENT or a COMMERCIAL entity?

Risk is high and as such many will fail and some will hit it big.

Failing to comply can result in penalties of up to $500 per day, so it’s important to stay updated, especially if you have multiple LLCs.

Failing to do so can place you in a position to be sued (assuming you have assets or insurance) for fraud.

Based on the time they spent, I'd guess they're making $2K/hour.One building had a single balcony fail inspection.