Mortgage reporting for tax purposes: make sure the owner understands that you will report the payments and that they need to issue a 1098

The large scale BRRR can be tricky, but having a JV from the start will help.My clients down in GA are doing well with a BRRR centered strategy, but focused on one, or both of these things to cash flow quickly:1) 2-4 unit properties2) Section 8In most lending circles, your 2-4 units are going to be classified in the same category as a SFH, so to rehab a hand full of those, you don't take the same kind of rate hit as the 5+ unit properties, but you also don't have the same kind of "experience" issues as you do with larger developments.

Smith, Grantor, hereby sales and warrants unto Tom, LLC, a Limited Liability Company created and existing under and by virtue of the laws of Washington, whose principal place of business is 123 Smith Street, and Mike LLC a Limited liability Company created and existing under and by virtue of the laws of the State of Washington, whose principal address is 456 Jones Street, Seattle Washington 12345, Grabtees, as Tenants in Common.

Did you have issues that you are getting out?

If it was older when you moved in in that works even better for you.Whether or not they were even justified in replacing it is another issue.

Local laws are going to play a big part in this. 

Not to get off topic, so I'll say it this way, a HML needs to realize that there are two issues behind the regs, your competetion and consumer protection issues.

You've probably heard of big Landlords losing property, but only because they were flagrantly violating Fair Housing, running a slum, or otherwise violating the law in an egregious manner.

The issue with the floor is that the soft spots are likely caused by leaks in the plumbing under the floor.

And I’m not talking about having control which is also called equitable interest although that does give them a right under law to market the deal not the property directly like that of a sales person.