Take ownership of your mistake and learn to do the proper due diligence recommended above😊https://www.biggerpockets.com/member-blogs/3094/91097-why-you-should-screen-a-pm-company-like-you-screen-for-tenantshttps://www.biggerpockets.com/member-blogs/3094/91878-how-to-screen-a-pmc-better-than-a-tenant-part-2-communication-and-documhttps://www.biggerpockets.com/member-blogs/3094/91879-how-to-screen-a-pmc-better-than-a-tenant-part-3-the-management-contr

We will ensure there is proper fall in the new line.

Some lenders are going to have overlays or not understand how to actually calculate rental income properly (full disclosure - I've closed loans that were turned down because of a banker or loan broker not understanding how to calculate income).  

This doesn’t seem right given my marginal tax rate and the size of the adjustment.Questions: How can I properly deduct the full $36,000 catch-up adjustment to maximize my tax savings?

@John ClarkAn LLC does not necessarily need to be actively conducting business in its registered state for liability protection to apply, but it must be properly maintained, compliant with state laws, and treated as a separate legal entity.

Before making a decision either way I just want to make sure I am properly informed about the risks.I appreciate your feedback!

Same for 2-years of job/income stability.Tenant Default: 10-20% probability of eviction or early lease termination.Section 8: Class C rents usually meet program requirements, proper screening still recommended.Vacancies: 10-20%, depending on market conditions and tenant screening.Cashflow vs Appreciation: Should cashflow immediately, at the lower end of relative rent & value appreciation.Class D Properties:Tenant Pool: Majority of FICO scores under 560, little to no good tradelines, lots of collections & chargeoffs, but should have no convictions/evictions in last 12 months.

If in a lease, tenants agree to properly care for the griddle & grates, but then they don't, can they still argue that rust is "normal wear and tear"?

.✅ Criminal Background Check – Ensures compliance with local laws while flagging potential concerns.Section 8 can be a great program for landlords, but only if the tenant is properly vetted.

Step 25: Insulation – Keep It CozyBefore you even think about drywall, make sure the house is properly insulated.