I have around 100k in savings that I would like to put towards the purchase of an investment property in Rochester, NY.

I have a new rental and received a tenant application, whereby the tenant puts workers comp settlement to qualify for the income requirement.

Second, those who have managed to eventually get back to me send a pay structure that seems like they benefit from tenant turnover and put fees on different aspects of the property management.

I mean if you could get it for $40k, put in $20k and sell for $100k, I guess a buck is a buck......

Let’s say I put in $80k and they do $20 to fund the renovations, do they own 20%?

REPS hours.4) Getting ready to rent the property pre-close but post-contract:  Understanding HOA rules and incorporating them into proforma lease agreements; preparing and posting rental advertisements; shopping for, selecting, and purchasing furnishings to equip the house to be put on the rental market.  

I'd put things in writing.

Asking about any problems or things that needs to be fixed is very important.You can also get an inspection before getting under contract, or put an inspection contingency to cover yourself.

I understand I have should have put the deed in my personal name instead so I could pull the permits myself even though I’m the President of the corporation.

And if it's "owned" by an S-corp, which means the S-corp is the 100% solo member of the LLC, then it's the S-corp running the payroll.To put it differently, if an LCC is running a payroll, it is no longer disregarded.What am I missing?