The reality is the opposite - if it's not in writing then the PMC doesn't have to provide the service or can charge extra for it.We have a 12 page management contract that we've added our real experiences to over the years, with the intent of protecting both us AND the landlord.

.* My insurance carrier does not accept escrow payments, so I would need a solution that wouldn't require escrow or something creative with the escrow.Property Details:Duplex located in Wisconsin (city of approximately 9,000 people)Purchase date:  05/10/2024Purchase Price:  $85,000Rehab:  $31,000ARV:  $140,000 (still need to have appraisal completed - this is based off of my comps)Projected rent:  $1,450 / month (just listed so no leases yet. 

If they don't want to renew with you, or want to write a new policy in order for you to be able to stay, can't they just choose not to renew on their end the same way we can on ours? 

She has been trying to BORROW the funds she needs $550K to pay off the Husband and another $300K of additional funds (Totaling $850K) so that she has the EXTRA borrowed funds to be able to make 2-3 years of payments on the financing (versus raiding her retirement account).

The one thing that may cause a problem is lenders not taking the short term rental income if it has not yet been stated on your taxes.

I could see spending the additional money and enjoying a tax deductible business trip every other year.

@Laurel Williamson There are no major tax implications and any interest payments can be deducted by the LLC.

2 former tenants whom i evicted, and have been caught stealing from my property, come to visit, and often stay overnight at his mothers apartment, also my building, but in a different town. Yes, this theft is recorded...

and worry about their own self employment taxes, insurance, etc.

They are easy to get started with an the support has been OK compared to others  I am going to jump in here for few questions.Does it make sense to buy RE in retirement account(401K) as the tax benefit and write off are not similarly applicable as outside of 401K?