Scotia Bank in Costa Rica will allow you to open up an larger account as 'business owner' if you own your properties in an LLC but the process of opening an account is much more difficult. 

If you control how they perform tasks, set their hours, or provide tools, they should likely be a W-2 employee, requiring you to withhold taxes and comply with payroll regulations.

If you plan on holding, it's then a much easier task to roll it into a DSCR loan.

Sometimes I had to beg for extensions because I couldn't finish tasks on time.

., electrical, plumbing).Project Timeline:Start Date: For the portion of work they are completing.Completion Date: Set realistic deadlines for their tasks, adjusted to your overall project schedule.Liquidated Damages:Specify a daily amount to be deducted from their final payment if they fail to meet deadlines (with exceptions for factors beyond their control, like severe weather).

This used to be a near-impossible task for a company like BiggerPockets, but technology and 3rd party solutions are getting better.

Hi everyone!
I own a 6BR short-term rental in Estes Park, Colorado, which generates a lot of laundry—especially because we use high-quality linens. We’ve tried off-site laundry, but our sheets get mixed up and replac...

You'd have to stick to tasks like messaging guests, scheduling cleaners, etc.

Meeting the material participation hours is absolutely doable, even with a property manager, as long as you stay actively involved in key tasks like marketing, bookings, and bookkeeping.

Of course, you can delegate most of these tasks to employees, but then you should also budget time for employee management, hiring, and training.