When there's tenants already occupying the property, there's often times different leases that were signed among the tenants.Additionally, renting by room usually sees higher tenant turnover which in turn causes more work for the PM.Other challenges to consider:- Disputes/conflicts among tenants (different personalities if a tenant doesn't know the others prior)- Occupancy limits- Splitting utilities (what if someone uses more water?)

Please add supporting links, documents or links to sources etc to your response if possible. we need more information as what you wrote in your posts is not making sense.

 @Pretty KhareAs others have mentioned, you do need a savvy CPA to help you with this so you are on the right side of the IRS.

By placing more emphasis on the condition of residents’ dwellings, the new inspection model aligns more closely with stakeholder expectations regarding housing quality.

What else could you do with that extra $150,000?

Hi I recently won a Small Claims Judgment against my former tenant who damaged the property and failed to pay rent.Does anyone have a recommendation for a good Small Claims Judgment Collection agency/firm that can help me collect?

Since this is our first property, is it advisable to use a single LLC for both personal asset protection and holding the property, or are there reasons to consider a more complex structure?"

This tool is amazing for visualizing different scenarios.

Happy to connect with you!

Kevin, my investment properties are held in a 3 tier structure: operating LLC - Holding LLC - Living Trust.Hope this helps.