Quote from @Robert Medina: Hello I have attempted to brrrr a property recently but didn’t quite go as well as I wanted.

If a problem arises with the property, the City will attempt to contact the owner and hold them accountable.

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $190,000

Cash invested: $68,829

Sale price: $299,633

This was my husbands and my first ever flip. My h...

My attorney told me in 30 yrs he has never seen bank enact due on sale clause but he has seen multiple landlords get sued without LLC protection.  

Last year January MN enacted the biggest # of changes all were added details and raised the bar of requirement for Landlords, including some specifically detailing how a listing must be detailed.

@Placeholder PlaceholderOne word of caution I would advise: If a community or local government is enacting restrictions and also regularly enforcing them, then its often a reflection of the local community sentiment which increases the chance of a neighborhood or nearby resident calling you in if they think you may be running an STR.

@Donald Hatter We send the information to a collection agency who attempts to recover the money; after they make several attempts they place it on their credit report. 

Additionally, I would like to attempt to do the process Owner/Builder with subcontracting work out as well as doing some of the work I'm comfortable with (I have some experience with bathroom & kitchen remodeling an am not new to the construction industry).

As a property manager, it's crucial to understand the nuances of these fraudulent practices, recognize the signs, and implement strategies to mitigate risks effectively.Understanding Rental Application FraudRental application fraud occurs when a prospective tenant provides false information on their rental application in an attempt to secure a lease.

The difference between this attempt and the two previous attempts that failed badly is the large amount of money the aids foundation is spending.