I’m guessing the loan approval from them was “too easy”......financing for a casino operation I would think would require some decent experience in the field, maybe your management company contract would help in this, maybe not.  

Today I had a chat with the attorney who is setting up our LLC and putting the house into the LLC, etc, about the pros and cons of selling the house to the LLC as a way of capturing that gain and also helping maximize my depreciation calcuation. 

Thank you in advance for your help and support!

Just yesterday, I helped a fellow BP member go under contract on a STR in South Central PA.

Happy to make an intro to our answering service team that does our late-night support at CS Outsource.They help with 24/7 emergency support, overnight coverage, troubleshooting issues, dispatching approved vendors & local staff, tracking and managing maintenance work orders, and other back-office tasks.

Of course, if the tenants don't file tax returns, there's not much we can do except try to garnish their bank account when they get their federal return - if you can find their bank and serve that bank a Garnishment Notice before the tenant withdraws the electronic payment from the IRS/ tax preparer.Hope this all helps!

If you need help let me know

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*This link comes directly from our calculators, based on information input by the member who posted.

Hope this helps!

Ideally, the tool would help me effectively track:Income generated by each propertyAll associated expenses for each property (e.g., mortgage payments, repairs,maintenance)I'd appreciate any insights you have on reliable and user-friendly tools that meet these needs.