@Stuart UdisSo how do a set up a LLC to protect myself from the chase glitch?

Hello,I'm looking for guidance on how to determine fair rents for a commercial property with two tenants.

Try to narrow down your options to the top 3-4.

Can be a good strategy, but my understanding is BRRRR is generally dependent on refinancing and pulling back that cash invested to repeat the next one

I have no debt, a good stable job making about $60k+ gross, and $20k saved up with about $10k in my 401k that I'm thinking about using some if not all of it towards the closing costs of the home I want to buy.

Short term, assuming the real estate lobby doesn't sue this to keep delaying/appealing, once it goes into effect there will be no more broker fees paid by tenant *unless they hire the broker*Some long term effects I can predict already: - Landlords now having to absorb broker fees will bake this into the rent (e.g. how "no fee" units typically are priced a little higher than other units) - Real estate board will require another document (or checkbox) for tenants to sign stating that they're hiring the listing broker and responsible for compensating them for their fee *if* they apply and are approved- Regular New Yorkers will have an even harder time to find an apartment because you cannot legislate/regulate away a housing crises... 

There will definitely need to be a reno budget to, at the least add bedrooms, and I am looking to stay under 400k.

So just to clarify- I can deduct the cash investment I put into this flip as COGS when I go to sell the property if it takes more than 1 year to flip? 

So yes it can work, but you also need to be able to convert the responses you get into closing.

This venture was originally expected to have a 10 year horizon, with the goal to maximize IRR in that period.