![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/678690/small_1621495302-avatar-patrickc84.jpg?twic=v1/output=image&v=2)
12 September 2021 | 3 replies
Only legal way to do it w/o getting a license is to find someone with the proper license (agent or broker, be sure you know what the state requires) and they become the principle (generally) broker of your new PM company.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2207687/small_1738110215-avatar-ericm817.jpg?twic=v1/output=image&v=2)
4 October 2021 | 2 replies
@Eric MillerThe IRS does not care about the loan product that you have.The IRS just wants you to properly classify mortgage interest as a Personal Residence mortgage interest (Schedule A) vs Rental Property Mortgage interest(Schedule E).Best of luck!
16 September 2021 | 3 replies
Take ownership of your mistake and learn to do the proper due diligence recommended above😊
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2251176/small_1694555167-avatar-eugenek45.jpg?twic=v1/output=image&v=2)
14 September 2021 | 3 replies
This implies that you basically are going to have a heavy weight (the insurance company) in your corner in any suit.One umbrella policy can protect all assets.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2086431/small_1631578030-avatar-shelbyp15.jpg?twic=v1/output=image&v=2)
13 September 2021 | 0 replies
We refurbished aspects of the home and properly marketed for rent What was the outcome?
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2160095/small_1623711251-avatar-ahmedm80.jpg?twic=v1/output=image&v=2)
14 September 2021 | 2 replies
Take ownership of your mistake and learn to do the proper due diligence recommended above😊
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2195337/small_1695648500-avatar-julioi12.jpg?twic=v1/output=image&v=2)
13 September 2021 | 2 replies
Does anyone here know how to properly structure their LLC to get the most amount of business credit?
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1514181/small_1695489701-avatar-rc42.jpg?twic=v1/output=image&v=2)
14 December 2021 | 2 replies
But for your income property, they'll give greatest weight to the income method (the one based on NOI and cap rate as you said), as they should.You wrote "NOI divided by the Cap Rate" but keep in mind, the appraiser will use what they feel is a market cap rate, not the cap rate when you purchased the property or a cap rate you want them to use.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2246453/small_1694954186-avatar-jessiec36.jpg?twic=v1/output=image&v=2)
17 September 2021 | 2 replies
Have proper insurance4.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2195480/small_1632178384-avatar-adielle.jpg?twic=v1/output=image&v=2)
21 September 2021 | 7 replies
There are some that do, but so far I haven't heard of one that provides as much coverage as the insurance companies that specialize in short-term rentals (CBiz, Proper, etc)....so if they do you'll want to see what they do cover, and what they don't cover.Mike