They are your guide book to make sure you stay legal.

This will help you determine the exact amount of equity after all lender and legal fees taken into account. after you get the payoff letter, find out repair costs and ARV.

Hard to believe they go for over a million.Do you plan to make it legal, and getting a C/O.

Yes LLC is a "coverage" by definition of a legal entity which is not you, and it doesn't matter if the liability is triggered by an STR guest, an LTR tenant or a handyman working there etc.

Starting with legalities is important, having a good Real Estate contract is critical in my opinion.

So far my purchases have looked like this:Buy with cashRehab with cashGo to the bank for a refiWhen I do that, I find that I either severely restrict or stop my marketing because most of my resources are tied up in my deal(s).

The 3% down is income dependent...but there are some areas that have no income restrictions and that would be based on the address of the home. 

I checked with my lender to ensure that a quit deed claim is something they're ok with.  It's being purchased under my name.  I've upped my umbrella insurance as well.I live in Washington State.  Investment 1 is in Al...

Normally you are only entitled to a deduction when you are legally required to make the payment.However, normally people would just list all the expenses on the partnership return and distribute the K-1 to the partners.

That seems unlikely, but what do I know.Buyer's intent is to purchase property, convert entire building to living space (which, according to deed restrictions, just means insulated and conditioned space), and then refinance in 6 (conventional) or 12 (FHA) months to pay off owner-financed note.