Thank youYes, in this case, Rajib did not collect five months of rent plus admin and legal fees in the calendar year.

This is however one of the main reasons self-employed persons report having issues with banks – NOT ENOUGH TAXABLE INCOME.

We both live in Ohio, but I think there are probably tax and legal benefits to registering in another state, such as Wyoming. 

Are you having any issues with getting you rent on time?

We can issue a Buyer Certificate of Preapproval letter as a US or Foreign National DSCR Buyer upfront and Prequalify DSCR properties in advance.Let's talk!  

When you start reading about this and searching the internet one thing I find is true... there are many LLC formation services that claim to do a bunch of stuff, several of them sell expensive "education" packages which just get a foot in the door to sell more services, and other do-it-yourselfers (legal zoom)ut.  

I believe that the notice and my subsequent timely communication and refunding of the payment would handle that issue if it came before a judge.

My insurance company was very receptive to adding my property management and there have been no issues since, so my recommendation is to not sweat it too much.  

I don't see any issues with that area. 

I was wondering what everyone's experience with establishing a legal entity for REI has been like, and when do you recommend a person to do so?