So don't look at it as a substitute for good insurance or fair and legal business practices.With an LLC, you can file taxes as an S-Corp, as long as you make the designation ahead of time, by March 15th I believe.

Although I have never seen a condo project where they restrict renting and I have looked at hundreds of CC&R's.

Hello,It's a great program if your loan fits but there are a LOT of restrictions that can cause it to not be the best deal for everyone.

But no guarantees on what they'll do.Since you already have 4 financed properties of the 1-4 unit type, the underwriting process becomes more restrictive regarding LTV, cash reserves, and credit really needs to have no blemishes.

I have not legally changed my address and my renter is late again, almost a month now.

What criteria are good and legal that I should tell people I use to better find a renter for this single family house?

You also did not include accountanting costs, legal fees, evictions, capital expenses, advertising, tenant placement fees, management fees (even if you manage yourself, you still have to pay yourself for your time).This is why the 50% rule is so handy to use for quick calculations.

Are LO's and Sandwich LO's legal in MN?

For the most part, who pays the lender and how is not typically restricted.

Is this an entity focused restriction, or an activity focused restriction?