Renovations were done by a close friend who used to be a Reno contractor but had left the business and had a W-2 job at the time; he did the work for me “on the side” when he had time.

Starting my wholesale journey right now :)I have some experience in buying real estate for rentals and flips.As a rule I made for myself, I won't work in areas where I know crime levels are high and are generally low income areas, becasue I know how hard it is to sell them (if its a fix & flips) or rent them.Nowadays I'm looking into starting my wholesale business and was curious about that...Does it matter for the cash buyers?

While specific neighborhood recommendations can vary based on current market conditions, areas close to universities, medical centers, and business districts tend to have strong rental demand.

I spent many years in the insurance business and have never heard of a policy application for an excess, or umbrella, policy to be denied because of a claim, especially a property damage claim.

Hey BP, I am deciding on business structures.

I’ve implemented a 3-strike policy, 1st strike is a verbal warning, 2nd strike is a written warning, 3rd strike starts the eviction process for smoking in the units.

For me, a primary activity is something I can do that directly leads to business if not immediately then later.

,Bruce, holding a property for potential appreciation (i.e. not actively generating rental or business income) is a valid tax strategy. 

.—(1) The commission may deny an application for licensure, registration, or permit, or renewal thereof; may place a licensee, registrant, or permittee on probation; may suspend a license, registration, or permit for a period not exceeding 10 years; may revoke a license, registration, or permit; may impose an administrative fine not to exceed $5,000 for each count or separate offense; and may issue a reprimand, and any or all of the foregoing, if it finds that the licensee, registrant, permittee, or applicant:(h) Has shared a commission with, or paid a fee or other compensation to, a person not properly licensed as a broker, broker associate, or sales associate under the laws of this state, for the referral of real estate business, clients, prospects, or customers, or for any one or more of the services set forth in s. 475.01(1)(a).

Not worth it for me, but I only have 3 dozen rentals and 4 business entities.Depends on what you have and what you're trying to do I guess.