Hey everyone, I’m putting in an offer on a proper that needs significant rehab; starting the BRRRR method.

Maintaining an LLC is a pain in the bu** and if you don't maintain it properly you can be sued and lose anyway. 

The cast iron he says was clear is absolutely not clear, and it’s level, instead pitched properly, which he would have noticed had he run water during the scope. 51 ft of cast iron is going to get ripped up in my basement.

Sometimes disclosing that difficulty up front with your loan officer can set the proper expectation for the underwriting team going in instead of that team finding a problem later.

You need to have all of the proper paperwork, know about title reports and escrow and appraisals and foreclosure for the states you do business in.

If you learn how to leverage it properly, it really can be a game changer.

To answer all your questions:Yes, it is zoned properly.

Rather than fishing for ideas for your particular situation on the public forum (some of the feedback you'll get will be wrong), you should get one on one with knowledgeable tax expert who can analyze your situation and provide you with proper guidance. 

If you gave proper notice, in accordance with that lease, you're fine there.You, by your admission, stated you paid rent late every month.

We've had some of our homeowners use Proper ins which I think is overpriced but an easy solution.