It's a fine line and gray area about this, but with everything I've ever done, it is officially illegal to pay a referral fee to an unlicensed person.

Violations can result in a warning, a fine, or removal.

The subcontractor finished and did a fine job...but he took too long.

Holes in the wall, broken glass, etc, but probably only 1 out of every 10 have significant damage.Our expectations are explicit that we expect rent to be paid on time, we're serious about late fees, and they will absolutely be getting a fine if they disturb the neighbors.

Not to be cruel, but I assume it took you 4 years to get a Finance degree.

You are in a fine spot financially, at least from what you shared.

Schedule a final inspection to ensure quality standards are met.Each of these sections would come with an estimated timeline, budget, and list of materials required, making it easy to track progress and expenses during the project.

You could give them a final notice, a written warning that you are done accepting late payments.

A final choice would be to rent the primary in a few months, reside in a rental for several years, sell the primary, and purchase another SFH for rental and a SFH residence as a new primary.Is this a viable place to begin investing?

I would like to learn of any potential red flags in the assumptions but most importantly just go over the deal with a fine-tooth comb to confirm my own understanding of the deal.