The Ring is nice because they have a battery operated one so thieves can't cut wires.The Nest is nice because the interface for reviewing/saving videos is easier to use in my opinion.We use both.Mike

Even though a majority of the custom homes I did wanted tankless because they were cool and green....Most tanks last far longer than the expected 10 years and the new ones are very efficient.....Did a search ...https://www.consumerreports.or...Main takeaways are: 1) they are very close to the same cost to operate per year 2) the payback time on the tankless is about 25 years.....Plus tanked heaters are a good source of water storage in the event of an event like earthquake or such.....

With the units being only 600 square feet, this $80,000 seems more than adequate.Total Investment: $450,000Monthly Rent: $4,800/month ($600/unit)Monthly Expenses:Vacancy: $144/month (3%)Property Management: $400/month (Plan to self-manage but factoring an allowance here)Maintenance: $400/monthProperty Tax: $300/monthInsurance: $200/monthWater: $400/monthMisc/Other: $200/monthAnnual Net Operating Income: $33,072Total Investment: $450,000Cap Rate: 7.35%Annual Interest Expense: $13,950Annual Profit: $19,122Let me know your thoughts! 

An important consideration in all of this is to make sure you are operating each LLC as a different "company" as much as possible to lessen a creditors ability to pierce the corporate veil and come after you personally.

So, you should be able to pass along your interests by writing it into the Operating Agreement. 

Simply put I went out and scouted the best STR operators at small and growing size, a focus on quality operations.

They had no idea how to classify our operation since there is no short term rental regulations in their housing code.

The plan for me is to, after I sit down and compile a list of options I think are reasonable, creative (or common), ethical, and legal, I will consult a local real estate attorney and come up with an order of operations, much like the manner in which Nathan has presented his.Other options I’ve thought of:1.

Sellers won’t budge at $759,000.The property is properly priced.This would be a primary residence that I can also operate as a str.

I can call them any time a new property comes on the market and get detailed information about the condition and how the current owners operate.