Been looking for another property but everything that’s decent is over 500k so I been leaning with just keeping cause I got nothing else to buy .

Dispose of all rubbish, garbage, and waste in a clean and sanitary manner – at reasonable intervals – and assume all costs of extermination and fumigation for infestation caused by tenant; not feed straying pets or animals; not temporarily host pets.

The overruns weren't caused by the Land Bank or thir requirements, they were due to inevitable surprises when you do major renovations.Rcommend NOT focusing on Land Bank properties, instead look at everything on the market and buy the best BRRR property you can find.One last thing, many of the Land Bank properties are in Class D Neighborhoods:( VERY difficult to make these work as rentals or flip.If you'd like to chat more, DM us and check out the Interactive Map of Metro Detroit with color-coded Classes on our website - to make better decisions:)

Everyone talks about the excitement of the refinance — pulling cash out, locking in new terms, and getting ready to repeat the process.But here’s what I’ve seen a lot of investors forget:What happens after the refi matters just as much as before it.Once you refinance, your numbers change — your basis, your loan interest, and your depreciation schedule.Most people never revisit their books or update their records after closing, and it slowly creates a mess.You’d be surprised how often investors forget to:Recalculate depreciation based on new cost basisAdjust their loan amortization and interest deductionsTrack how much cash was actually pulled out vs. reinvestedThose little details might not seem important now, but they can cause major confusion (and extra taxes) down the line — especially when you go to sell or refinance again.The BRRRR method works beautifully if your backend systems stay clean.So when the refi funds hit, take a breather, update your records, and make sure your financials tell the full story.That’s how you stay scalable, organized, and audit-proof.Curious — how do you stay on top of your numbers after the refinance?

I have a CPA I work with who I’m sure will sort all of it out, just didn’t want to do something if it would cause a huge tax headache later.Do you know if you convert a STR to a LTR after a cost seg, will it cause a large repayment of taxes (I’m doing the cost segs to lower my W2 tax rate).

Work needs to be redone cause it was not done right. 

If the complaint alleges the plaintiff's cause of action arose during your husband's ownership, then yes, it might not be covered, but if there is anything alleged that could ever be covered, I believe the insurer would be obligated to provide a defense. 

Consider using an addendum to address these issues.Tenant acknowledges and agrees that (1) tenant assumes responsibility and liability for any injuries or damages that may occur resulting from or caused by the furniture or the use thereof; (2) Landlord shall not be liable for any damage or injury to persons or property caused, directly or consequentially, by the furniture or use or misuse thereof; (3) tenant assumes the risk of injury or damage by any unknown furniture conditions; (4) Tenant shall properly warn any persons on the premises of any actual or potential dangers relating to the furniture; (5) no person other than the tenants and authorized occupants and guests may use the furniture; (6) the furniture may not be transferred, leased, or sold and shall remain in the premises; (7) the permissive use of the furniture is not a right granted to the tenant and may be revoked or altered at any time by Landlord; (8) Tenant shall immediately notify Landlord in writing of any actual or suspected dangerous conditions that exist or may develop as a result of the use or misuse of the furniture; (9) tenant shall not use any furniture, nor allow the same to be used, in a manner not intended by the manufacturer and in a safe manner; (10) Landlord shall not be obligated to provide, maintain or supply any other furniture to the tenant; (11) tenant shall not make any modifications or alterations to the furniture; (12) tenant shall hold Landlord harmless and indemnify the Landlord for any injuries or damages suffered to tenant, his or her guests, family, invitees, occupants and any other person present with or without the permission of the tenant, arising out of the use or misuse of the furniture;(13) tenant shall properly keep and maintain the furniture and is responsible for any damage caused to the same, including but not limited to removing stains, cleaning, and repairing; and (14) if the Landlord sells the property, Landlord has the right to remove all furniture upon and in anticipation of closing of the property.

One of the most common causes of residential fires starts in the kitchen — particularly from unattended cooking.

I think AI will have a big transformative impact long-term but that these “AI thought leaders” of today have vastly over-hyped it and caused a big bubble.