What kind of law do you practice?

Find out what the laws are regarding the consideration of rental income in your state.

As required by law I disclose in writing each time I buy a house, FSBO or not, that I have an active real estate license.

Recent changes took effect August 1, 2018 regarding laws for rental properties in Baltimore City.

Building owners, having tenants in the building, shall post a notice in a common area of the building informing tenants that the owner of the building is required by law to supply and install carbon monoxide alarms in accordance with Section 908 of the Philadelphia Fire Code, and shall provide at least one tenant per dwelling unit or rooming unit with a copy of the manufacturer’s instructions for the alarm to ensure that tenants understand the purpose of carbon monoxide alarms, how they operate and appropriate action to take when an alarm sounds.

The reason I want things to be done properly and lawfully is because I do not want to be known as the unsafe and careless flipper who sell garbage properties.In this journey I bought a property from a Wholesaler who provided me with a pool estimate that were $4,500 less than what the work costed.

Does making this part of your evaluation potentially tie to discrimination laws?

Someone who knows the tax law and specializes in real estate.There are a number of great CPAs here on BP.

.- Make sure you are in compliance with state law (is this New York?)

You could invest it with another hard money lender (not a solicitation, I don't take investors) Or you could lend it to one rehabber for downpayment and working capital on a partnership basis.Becoming a hard money lender requires knowledge of real estate investing, knowledge of lending laws and regulations, and much more capital than that.