At the end the permit is "closed," signifying that the work is complete and meets code.This is important for a few reasons, the biggest is knowing that the work was done to code and properly executed.

The key is that you use them properly(without self-directing).

The LLC, when properly formed, will compartmentalize the risk between Sibling #1 and you.Option 2: Series LLC (preferred) This situation would depend on your own portfolio, but you can also form a Series LLC.

We would prefer something that would be easily installed (not just a moveable space heater).

Advice sought, or suggestions on who to talk to.Bought a duplex in Cleveland proper, seller had marketed it as a duplex, when I did inspection, found out that he was renting the attic out and including that in the money. 

I thought that I had properly vetted him, however after being in business together for a few months I realized that our values were simply not in alignment. 

Hello BiggerPockets people,Closed on my first two-family last month, and want to install washers and dryers in each unit.

I notice in IRS Publication 537 that real estate dealers are forbidden from using the installment method and must realize all the gain in the year of the installment sale however it references some special rules in 26 U.S.

It allows land contracts to contain forfeiture provisions that entitle the seller to seize the property without foreclosing or paying compensation if the buyer defaults at any time during the installment payment period.

Also, in the future have all your tenants sign a mold addendum which definitely protects you prior to such issues.I would force them out by giving them a proper notice from your LEASE terms, for example I can get my property back with a 60 day notice period- which is the proper notice time by law here in Georgia.