I wouldn't have them sign a new lease because right now you have all the power and can terminate their tenancy with proper notice under applicable state law.

The last thing I want on my conscious is a tenant getting hurt because I did not take the proper precautions to secure the property.

@Salvador Aldrett you need to be asking yourself if the juice is worth the squeeze.

E.

My first plan was to collect e-mails of nearest businesses like gyms, schools, salons, banks, etc. and sent them bulk offers to install the machine.

If you used the HELOC to pay for your rental business activities, the interest would still be deductible on IRS Form Schedule E.

My name is Stephanie and I am pursuing real estate investing to improve passive cash flow income for my family.  My husband and I are partners in this venture and are looking to purchase our first property within the ...

I’m confident in my ability to do a lot of the work on the house If need be however I don’t own all the proper tools to do so and there is stIll a lot of steps that go into flipping I don’t have experience in (I.e. tile, flooring, sheet rock) due to previous jobs I have relationships with a large multitude of contractors, electricians, plumbers, carpenters etc I don’t have a specific house picked out at the moment however I do have several target neighborhoods I’ve been keeping an eye on.

I charge just enough to pay certain bills that cannot go on my schedule E, such as medical insurance, but so much so I would have double taxation problems.

I have a few questions about setting up an LLC or S-Corp for my business and would like advice on how to structure it properly.