As a sole operator, you have all the policies and procedures in your head and can apply them to many properties without referring to a binder.

The very tragic LA fires have generated a lot of discussion about insurance costs. People have been dropped by insurance companies in wildfire areas and had to scramble to try to find insurance - some using California...

I would like to be educated on behalf of the "lending" procedure if that's okay!  

This is something their screening probably would have caught, or their system would have a legal procedure to deal with it.

Owners shop fees in the beginning, but once you're seasoned, you realize fees are usually about the same, and it's really process, procedure, culture, and communication that you're hiring. 

Additionally, the study must be completed by “qualified individuals” and “professional firms” that are competent in construction, design, auditing and estimation procedures for building construction.So while a specific methodology isn’t required by the IRS, taxpayers must ensure that their depreciation deductions and classifications of property are substantiated with supporting evidence.

More deals are killed by procedure and regulations than anything else it seems. 

Our company is actually starting an Asset Management Mastermind to address these infrastructure issues and share our systems and procedures.

If you’re not well-versed in lease agreements, security deposit rules, or eviction procedures, you could run into trouble.❌ Emotional Stress – Handling tenant issues (especially late payments or evictions) can be stressful, especially if you live in the same building.Hiring a Property Manager in ChicagoPros of Hiring a Property Manager✅ Less Stress & Time Commitment – A property manager handles everything from finding tenants to collecting rent and coordinating repairs.

Let me explain...Houses naturally have an aesthetic to them when they are first built.