So it's very important to set it up properly right from the start. 

Just sort of defeats the purpose of having the LLC if you don’t use it properly

Get it in writing if he says yes.You will likely need a STR policy from Foremost, Proper or CBIZ.

Proper documentation doesn't take much time with today's camera technology and a few minutes of documentation will save your bacon!

Research the different rates of return that investors use - there are several and it can be overwhelming to understand how to utilise them properly to begin with but you can begin to understand them and then perhaps choose 2-3, like Cash On Cash and Return on Equity for example, the more involved calculations like Internal Rate of Return and Net Present Value are normally done on larger properties.

You can do it yourself, but if you want to ensure you have the proper protection, you'll want a pro to do it for you.

If you are doing the GC work, make sure you are properly insured, have workman's comp, and that your subs are insured too. 

The attorney representing the landlord motioned to continue the case until after July 27th and the magistrate took the suggestion under advisement (meaning he's going to look into the matter and issue a written ruling in a few days).This suggests I witnessed my area's first application of the CARES Act on evictions - our court system seems to be broadly applying the standard and afterwards very politely invited the attorney to move the decision to an appeals court so it could be properly reviewed.

I might get a proper evaluation for records but that's about it.

I would also like to know if he did receive the SBA PPP loan so I can report him as not utilizing the money properly.