As far as I know neither of these are a necessarily deal breakers but just means we need to have really good logs to back this up in case of an audit.4) I have a management company handling the scheduling of guests, cleanings after guest leaves, and check-in/check-out duties.

First step is figuring if the investment will go under personal name or a US entity, second is to open a US bank account, then you are set.

@Gustavo Mendoza it really depends on the tenant and state/local laws.Class A tenants, usually having 680+ credit scores, can be held accountable for a 12 month lease.Most Class B tenants, 620-680 scores, can also.With Class C tenants, under 620 scores, many won't care if a lease is 12 months or MTM, they will move when they please.

Hello Biggerpockets,I’m a moderately experienced and networked real estate investor looking to start exploring the wholesaling niche here in LA.Looking for a gut check of my strategy, and to speak with anyone pursuing similar niches here in LA or other highly competitive markets.Context and backgroundMy first deal was a massive live-in flip.

Just check out this crane watch:https://www.bizjournals.com/sanantonio/maps/project-watch

I went over to check it and there is just a tiny bit of moisture at the base.

I’m being told by accountant you can’t do schedule E if going this route, but if you do schedule C then you have to provide substantial services.  

The app that I used did the background check of the lady only but not the guy and by the time I check on the guy online and found out that he had an eviction the lease was already signed and I asked him about the eviction he came with the perfect story and I said well.

There's no need to make it complicated.Once the LLC is established, the business can then get its own IEN number, checking account and credit card. 

.- thanks   1) on the  1st mtg  refinance proposal at 4.1%  -  sounds like they are  offering you the  higher note  rate  so they can  absorb  some of the closing costs .....make sure you get a loan estimate and  review the details about them picking up all costs  ( titel / escrow / recording /  credit  etc ...)    2)  also  check the  index / margin and  caps   on the new  loan  offer   and  compare these to the  present loan  details  ...if you  keep this loan past the   rate/ payment  adjustment  period - you want to make sure  you  are aware of  how the ARM  can  change   3) the offer  to  do  " free  "  refinances in the  future  is  no  big deal  beacuse  any lender  can offer this  via  a higher rate  to  absorb  all costs