Hi all,I'm a new investor in Charlotte and am building out a lead generating system.

This ADU would be used to rent to friends or family and generate income.I cannot seem to find the answer online myself.

Ask to see the sellers Schedule C to see that the income reported matches the payment history.

I wouldn't put any stock in what these online services generate, good or bad.

Anyhow, ill stop babbling but this seems like a class action to me and for anyone and everyone denied licenses, those with current license and anyone who’s lost income from this.

@Nick Belsky how are you seeing lenders underwrite the rental income for SRO?

The eventual income from real estate will supplement our retirement and SS so we can do the things we want to do with our time.The best part is our kids will be in a much better place financially due to this and it can change our family tree forever.Funding:HELOC on CondoW2 JobsLightStreamEstimated Equity:4/18/2023 - $165k4/19/2024 - $207kEstimated Value of Assets:4/18/2023 - $232k4/19/2024 - $1MNothing wildly impressive for equity growth, but if our portfolio property values average 3% growth annually, we are getting $30k in appreciation instead of $7k.

If your property is not in WY, now you may be involving fees and filings in 3 states if you went forward with a WY LLC.Be sure to tell your accountant that you may now need to file non-resident income tax returns in each state where you own property as well.

I think a guaranteed 7 or 8 % interest rate on a home loan is gonna generate more income than most other less riskier investments.  

Open up a separate bank account just for your rental activity.At the end of the year, export the date into excel and properly classify each transaction as income or an expense.