The trick is, and I constantly have to remind my students, that if you take out a 5 year Option you have to know where the seller will be in 5 years or anytime before then to get their signature on the Warranty Deed and to authorize payoffs.

(Contract Details below)                                "General Contractor Claims Management AgreementThe Undersigned/ Insured ( or insured representative ) hereby retains the services of a General Contractor from Best Home Solutions General Contractors. to Manage the re-mediate, repair, or replacement of the said damaged property 108 Marvin Gdns,  The adjuster of said loss is hereby authorized and instructed to attach a copy of this completed form to “ Proof of Loss “ Insurance company ( or companies ) liable for the coverage under said loss is hereby authorized and instructed to pay Best Home Solutions GC 10% Profit & 10% overhead total of RCV for said Management of the remediation, repairs, and replacement of damages at 108 Marvin Gdns, Waxahachie Tx 75165  Please make checks payable to: Tim AlexanderDeductible (if applicable) is said to be paid by the property owner/ policyholder.Conditions of Proposal and Contract                                                          OVERHEAD AND PROFITPlease add Contractors Overhead & Profit to current estimate as it is intended to cover costs the General Contract will incur while Managing the claim process. 

Some states, like CA, you have to pay a huge fee to CA whether or not the LLC is a CA LLC, so then you may as well not also pay NJ fees, but I'm pretty sure Michigan doesn't have any such fee other than you have to get a certificate of authority to do business there, which is easy enough.

If the authorization for temporary residency status will expire within one year and a prior history of residency status renewals exist, continuation may be assumed.

I am new to investing and don't have any experience in any investing.iam currently renting in jersey city in the area bordering union city.i would like to get started investing in a rental property to begin with as an owner occupied with fairly decent elementary  school for my little one.while jersey city does offer all of that the prices have gone up really high recently.please advice what would be a good place to start with a multi family with a budget of 600k with a decent commute to work NYC port authority or 33rd st path station.greatly appreciate any feedback from experienced members here

You should never allow a tenant any decision making authority regarding your responsibilities.

I have a self employed tenant who has given IRS Form 8879 which is "IRS e-file Signature Authorization " Is it OK to use it since it does have the AGI from 1040. 

I recently went to a conference where David Osborn (Author of Wealth Can' Wait) spoke about goal setting and business planning.

Jared, reach out to @Amanda Han, she is a member here on BiggerPockets, was a podcast guest and co-authored book with BiggerPockets publishing.

The property taxes will not be known until the budgets of the tax authorities are approved and the tax rates are set which is usually the first part of October