To safeguard yourself and your investments, it is crucial to conduct thorough research before engaging with any lending entity.

Recently had a conversation with an MLO who had their license with Company A (NMLS regulated) and then on the side, this person conducted commercial-only business loan-related activity by starting their own LLC (company B) in the states where no mortgage licenses are required.

In CA, you are legally required to have a CA LLC if you are "conducting business in CA".

I'm very interested in what others have to say about the various markets, and look forward to conduction research with the help of this group. 

On top of that you have to conduct due diligence on the leasee. 

Recently, I conducted a cost segregation study on the property shortly after converting to a STR (converted June 1 2024), and I want to ensure I file my taxes correctly and legally given this change in circumstances.

Don't forget you need the original developer's permission to conduct structural changes to the villa inside and out.

Who will conduct inspections every 3-6 months?

-How do you conduct background checks, and which services do you recommend?

Although I conducted a basic septic inspection during the closing, and the system is in good working condition, it still failed the STR inspection.