This unit configuration will attract the most, best qualified tenants who will stay long term, respect the property and pay rent on time (or at the very least, communicate if they are having difficulty paying rent). 

Tenants who have not paid rent for six months and have not communicated with you should be evicted.

By the way, I love the honesty in this forum because something I frequently communicate to my clients and everyone I talk to about real estate is that you have to have a passion upfront to jump in and be successful.

The notice clearly communicates that the tenant has two options: to renew under the new terms or to vacate.

No attorney-client, fiduciary, or professional relationship is established through this communication.

., time spent on guest communications, cleaning coordination, repairs, marketing, etc.).Proper documentation not only supports your position in the event of an audit, but it’s also essential for meeting the IRS thresholds for material participation under the STR exception.happy to help.

Clear communication and flexible scheduling also go a long way.

Managing people and communication are two major skill sets needed to be successful.So, while the 20 yrs of single family can be helpful, I would be more apt to invest as an LP if you told me you have a lot of great success in SFRs, but more so that you run a 40 employee GC business, with salaried admins, project managers, estimators, accountants, etc. 

I have been in communication with many lenders.

No attorney-client, fiduciary, or advisory relationship is created by this communication.