.- **Civil Liability**: In addition to criminal penalties, the company could also face civil lawsuits for fraud, where the affected parties could seek compensatory and possibly punitive damages.Given the potential legal consequences, it would be advisable for any property management company in such a situation to consult with legal counsel to ensure their billing practices are compliant with the law and to address any issues related to past billing practices." - ChatGPT

They have made it clear to me that they refer to me because they are comfortable/confident that I will take good care of the client which reflects better back on them, keeping their reputation strong and earning them real estate referrals from the client if they end up happy with the whole experience (which is much more valuable to them than a few hundred bucks from me). 

I am saving for my own personal residence as I have never owned before, but don't really know the different consequences I may face if I do an investment property first (concern related to my debt-to-income etc...) and how it may affect me trying to get a personal mortgage later. 

-no reputable contractor is going to be willing to put a penalty in a contract with a brand new investor working on their first project. 

Most reputable builders are between $300 and $450 a sq ft. 

We will choose our general contractor based upon reputation, references from my own commercial construction contacts (I have held a LA State - Building Construction license since 2001), their solvency, then finally their proposed bid.

The tax consequences are $400,000 for a single individual and $60,000 for a married couple filing jointly.

You want an accountant that can help you strategize and who is responsive when you want to know the tax consequences of the decisions you are making throughout the year.Good luck and let me know if you have any questions.

I know that LH’s get a bad reputation, but with the leasehold till 2050, that’s 25 years of possible excellent cash flow, It’s attractive to me to invest in from that perspective alone. 

He has to figure out what he wants most and live with the consequences.