Too risky for us.Regarding additional guest packages, you can easily change your tax situation by offering what the IRS calls "significant services".

So, by transferring income from a rental schedule E to a business schedule C you're creating a significant extra tax.

And this is a biggee wading through the fake lenders or the Joker brokers that tell you what you want to hear  but cant get the deals funded and you lose the deal and a lot of money.3. with actual PML  private people  usually have very limited funds so cant scale with them.. they can have a life event and just stop doing loans all together..

Nothing in this post should be construed as, or relied upon, as legal advice or as creating a CPA-client relationship.]

Now the tricky part is creating your underwriting standards and system.

Creating an addendum is the right move, especially if the tenant has been paying utilities as intended.

Sounds like things have changed a lot since 2016, and it's helpful to hear from someone who’s actively operating in the area.I completely get that this is a different market dynamic.

After doing research on the market (see above noted indicators) and creating an investor deck (mainly to prove to  myself as the main capital provider.

Class A- Brand New buildings with lots of amenities, good infrastructure & locationClass B- Building are usually older; priced less than Class A & need some updates/restorationClass C- Oldest buildings (20+ years); need significant maintenance; less attractive locationsWhere things become subjective is an older building located in a neighborhood that's changing for the better. 

Focus on creating a serene, standout vibe and avoid furniture sets.