If the owner employs a management company, then the management company is required to obtain the business license - not the property owner.according to the tab (Profits Tax) on the same page above, I should NOT file form RD-108 either to pay KCMO city earnings tax, because I am a passive investor, and not actively involved in the management of my property.The problem is that, I did submitted my business license application a few weeks ago (still in the process) before I checked the KCMO web side.

We own the process, the result and the fallout. 

We have two LTRs and we did a fix and flip in our hometown: Myrtle Beach, SC and are goal is to buy three more properties this year.Where are you in the investing process right now? 

I don't feel like my agent is guiding me through this process adequately, she's asking for my input, which is fine, but I have no idea what to even ask for.

If you go to my website, feel free to click on the "I don't have a deal right now" button and I'll get one email over to you about our fees, our process etc. 

I will share my "Most Expensive Lesson" in the comments.To kick things off, here are ten examples of expensive lessons or mistakes in real estate investing:Underestimated Repairs: The classic pitfall where the cost of repairs and renovations far exceeds initial estimates, impacting the overall budget and profitability.Tax Liens: Failing to account for or being unaware of existing tax liens on a property can result in unexpected financial burdens.Contractor Liens: Not settling payments or disputes with contractors can lead to liens against your property, complicating sales or refinancing.HOA Fines: Overlooking or violating Homeowners Association (HOA) rules can lead to significant fines and headaches.Bad Loan Products: Opting for loan products without fully understanding their terms can lead to unfavorable financial conditions, such as higher interest rates or unfavorable repayment terms.Ignoring Zoning Laws: Investing in a property without a clear understanding of local zoning laws may restrict its use, affecting your investment strategy.Overpaying for a Property: Lack of research or getting caught in a bidding war can result in paying much more than the property's worth.Neglecting Due Diligence: Skipping thorough inspections and background checks can uncover unpleasant surprises after the purchase is finalized.Poor Tenant Screening: Failing to properly screen tenants can lead to unpaid rent, property damage, and costly evictions.Underestimating Market Risk: Not considering market fluctuations can lead to investments that don't pay off as expected, especially in volatile or declining markets.We've all been there in one way or another, facing setbacks that seemed daunting at the time.

So, these smart-*** investors gave me a good "kick in the butt" - and I started investing my time on weekends, in the evenings, when there were no outside orders.By December 2019, the house was 80% complete, we moved in in May 2020, and I kept improving it until February 2021, when the kids got the second floor as their bedrooms and the basement as a gym for their workouts.The "dark side" of this process of living is here.

Basically, my Investor would fund a specific loan not be part of a pool of funds.One thought is I would maintain my same process and loan docs that I've used with my Borrowers where my LLC would be the Primary Lender, manage the loan and receive payments from the Borrower.

Some cities have no problem putting landlords in a bad spot should a tenannt not pay the process of eviction in your area I don't believe is short.

Try reaching out to your local building department and ask them if there is a process or procedure for this.