@Theresa Holl so what you are saying is that there is a market for accounting services for people who uses Hospitable?

Pricing and rates change constantly so if you are seeking cash out of a rental property you can entertain a second DSCR equity loan up to 70CLTV to keep your first in place or take a look at a full new cash-out option.

For the income to switch to Sch C reporting, you also need to offer services similar to that which a hotel might offer such as daily housekeeping, food/drink, and potentially various other amenities depending on how you'd like to qualify.What you describe is simply changing property managers, it doesn't really matter whose name is on the AirBNB listing.

Owners mistakenly ASSUME all PMCs offer the exact SAME SERVICES and PERFORM those services EXACTLY THE SAME WAY, so price is the only differentiator – so, they often select the first PMC they call or that calls them back!

This is because the transfer to the LLC is considered a change in ownership, which prompts a reassessment based on the fair market value at the time of the transfer.Admittedly, property tax implications are not my area of expertise, so I strongly recommend consulting with a local real estate attorney or tax advisor for precise guidance tailored to your situation.Additionally, if you need property management services for multifamily properties in Miami, Curbelo Capital Management specializes in this area and would be happy to assist you.Best regards,Diego Curbelo

Anyone self manage remotely with a contact in town, but not a full on property manager?

Here's an example of one of the post on the facebook group.Fix and flip Joint Venture Deal in Orlando, FLEstimated Rehab Days: 28 Days.Rehab Cost: $41,000ROI: 35%Asking: $227,000ARV: $375,000EMD: 15%I seek a partner to sponsor the full rehab for this property for a 35%($14,350) return after 28 daysDm if interested.

I don't believe me or my wife's income will be able to cover a full 80-90% LTV line of that amount but I want to be able to get a line as close as possible.Is there currently an institution that is recommended or any that should be avoided?

As you are based in Cali I presume you utilize a full-time property manager?

When I go to the site in my market, the first page is full of “deals” with $50k - $70k profits.