Quote from @Travis Biziorek: Quote from @James Wise: Quote from @Travis Biziorek: I own and operate a STR in Detroit and this is the first I'm hearing of this regulation.I'm not convinced it exists.

It may impact someone who already has an existing respiratory issue, but it won't cause illness in a healthy individual.I recommend inspecting the property and determining the source of moisture.

Consequently many inexperienced investors make investment decisions based on where they can afford to buy, not necessarily where a good investment thesis may exist. 

Am I, as the owner, responsible for pests that may or may not exist outside of the house and are brought into the house by the Tenant's dogs?

For existing companies, individuals who own at least 25% of the entity or exercise substantial control over it must submit BOIR to the Financial Crimes Enforcement Network (FinCEN) by December 31, 2024.

Yeah nonrecourse is one of those things that exists in theory but is very, very hard to find in the residential space.

New construction has a very different risk profile from buying existing properties and fixing them up. 

Ronald Rohde   It does exist. 

Irrevocable trusts can be useful, but they’re a serious commitment.

I guess that is partly why bitcoin exist, to eliminate those cross border fees.