The people renting the place aren't prepared to be in the "business" of renting their place out so they make decisions that feel comfortable - right or wrong.Recent news stories of houses getting wrecked on Air B&B do not help your cause.

If you are employed, you should also be prepared to provide your paycheck and W2.BUT:We look at the documentation differently than a conventional lender does.

A well  prepared Mindset is a constant theme in real estate books and podcast, obviously brandon turner and david greene are some of the biggest advocates . 

While our team prepares for production to begin, we are finalizing finance options, and updating our itemized pricing as well as our catalogs and options to show case standard build finishes and fixtures as well as optional upgrades.I'd be happy to make a note and add you to our waitlist for follow up once we have updated pricing in place and more information to share on what's included in the builds at those various price ranges and what services will be available.Feel free to reply to my email* directly if you have any additional questions.

If you have already purchased the property it would involve the preparation of a deed to transformer the ownership of the property into the LLC.

Prepare to be interviewed as well. 

If there is any advice I can give to other inspiring investors or millionaires it would be: 1)Get control and ownership of your finances and budget before starting out, more money will only create more problems if you are not disciplined and prepared 2) Enjoy the journey, one day you will either be old and rich or old and poor but no matter what you will be old with your best years behind you, so don’t sacrifice too much now that you are miserable and don’t take anything too serious, there is always another opportunity and hopefully more time 3) Last, if you have a big enough “why” you can accomplish anything, I have met and tried to help countless people that have an excuse, the market is too risky, all the deals are gone, my kids are too young, my kids are in college, not right now maybe later, whatever the excuse is... they are the same, if you have a burning desire you will find a way but if you wait to take action and get complacent, you will never accomplish extraordinary things.

While it can be said it is based on intent, the IRS has no way of knowing your intent and so will look at facts and circumstances to build a case on intent.Harrison prepared a great list of facts and situations that the IRS and courts look to.It is quite possible that flipping one house could make someone a dealer.

Also you should be prepared for them to trash you in their circle, making you out to be either crazy or a bad landlord.

So, be prepared to spend some money on the courses..