However if you are going it alone, then having your license could be a hindrance actually, as you’ll be treading that fine line of being an agent/ being a wholesaler and could run into trouble if what you’re doing could be considered a net listing which is against the rules as an agent in most places.

Finally, my long-promised post explaining these tricky rules is created:https://www.biggerpockets.com/forums/51/topics/1268789-expla...

As a general rule of thumb, expense ratios have an inverse relationship with property values.

Even partial approval gives builders real oxygen.Public-safety proposals—closing gun-sale loopholes, banning conversion devices, allowing local safety rules, automated enforcement—will be the toughest politically.

The 2025 bonus rules everybody’s talking about apply to property placed in service now, not retro to your 2020 purchase.

I have great respect for him for asking, and I believe he will be a fantastic landlord, given how invested he is in learning the details rather than making assumptions.Regarding evictions, in my opinion, a single eviction does not automatically rule someone out.

This maintains a healthy 25% equity cushion in the property, which protects you against market fluctuations and keeps your loan options and rates the most favorable.Let’s do some quick math based on your numbers:Your net income is fantastic.

And, going forward, address rules infractions asap. 

Keep it tight and operator-only: define the cadence, agenda, and KPIs up front, cap it at 4–6 members, and set territory rules to protect transparency.

If anything  see what the rules say about the property being rented .