Does that mean that if he defaults, I can go after his assets such as his personal residence, 401K, bitcoin, etc.?

This means you would need to refinance the current house into a conventional loan before you can get another FHA loan.

It is wrong and HUD will now keep systemic violators from applying for HUD funds.

LP equity positions are lower in the capital stack, meaning if the property value declines and a forced sale covers only the debt, the equity is completely wiped out.

If this LLC was formed after January 1, 2021, it needs to be registered with FINCEN.Ongoing Compliance:Annual Reports: File annual reports with both Nevada and Michigan to keep your LLC in good standing.State Taxes: Check if you need to file state taxes or pay fees in both Nevada and Michigan.General Compliance Tips:Local Business Licenses: Depending on the city or county, you may need a local business license for operating your LLC.Registered Agent: Ensure you have a registered agent in each state where your LLC operates.

My final assessment on Citrona is: I do actually have a deed to a property, maybe they mean well, maybe they are outright scammers, maybe they are just trying to make a quick buck on quick flips, I am not 100% sure...but one thing for sure is that their property management company is terrible and seriously lacks communication, and I would never recommend them.

In the mean time, build a one-room or studio dwelling on the property as well, and then after a year move back to FL.Really wondering if there's a quicker option than "work for a few years to make money and then start." 

We’ve given a 3-day notice to pay or quit and she hasn’t paid, which means we can now start the eviction process.

To avoid going through the same poor experience, keep reading.Even if someone gives you a referral here, do NOT make the mistake of assuming that the PMC will meet your expectations, just because they met the expectations of the referral source.In our experience, the #1 mistake owners make when selecting a Property Management Company (PMC) is ASSUMING instead of CONFIRMING.It's often a case of not doing enough research, as they don't know what they don't know!

A good PM will keep you out of trouble and typically make you more money than they will cost you.