Federal guidelines encourage 2 people per bedroom. 5 people is a disgrace.

Them being frustrated that the water isn't draining & they can't take a shower doesn't remove them of the responsibility of properly reporting it up to you so you can ensure the best course of action is taken..For example in the lease I normally utilize in the Alterations & Additions section, Loss of Services, maintenance & repairs, & general provision - it goes over the proper reporting procedure as well as the guidelines for maintenance & repairs will take place.

Lending guidelines seem to change often.

Note that if you seek financing, its very hard to finance these properties as most conventional and non-qm lenders do not touch properties under 600 or so sf.Great point and DSCR loans are available down to 400 sq feet and conventional options are available under 400 sq ft with some lenders that underwrite directly to the Fannie Mae guidelines and do not have underwriting overlays.

An LLC is useful for two things: anonymity and legal protection.

Sadly, my experience fell far below what was promised.Out of respect for the BP community guidelines (and because I’ve seen how brutally honest feedback can be attacked here), I’m choosing not to post full details publicly.If anyone is considering working with RTR or any of their affiliates and want a fully transparent, firsthand account, feel free to DM me.Investors deserve the full picture — not just the highlight reel. 

, it's very unusual for a company to dig its heels in like Estate Legal is doing. 3.

These are just guidelines and may need to be adjusted based on your property's location and class.

You should also consider the conforming loan limits and FHA guidelines on using proposed rental income to qualify for the loan.

There may/will be appraisal, registration, legal fees associated with this activity as well.I'm not seeing the problem with the approach - w/ or w/o the slick acronym - but you might want to tighten up on your numbers and incorporate all of the periphery costs in your deal analysis.