So my best advice would be to not make a clear cut decision yet, but keep your eyes open for an opportunity that gets you there.

Companies are having to set aside a certain percentage to cover the Cap Rate insurance and as an abundance of caution with these interest rates- class B are paused.

So think twice before taking any outsized risks, as you already achieved a nice equity base, and you don’t want to end up screwing the pooch by taking unneeded risks ;)Good luck and keep us posted on your decisions…

Keep in mind that your mortgage terms and insurance premiums will probably be less favorable in an LLC.

Sellling you courses or charging money to join their members only group with their tried and true secret method.. the lenders, the insurers, be carful.

Nat,Tenant has been unemployed since March and has been receiving unemployment insurance.

The public adjuster will argue with the insurance adjuster and get you the best payout.

For a 4 bed you are likely looking for insurance placements for a family or temporary relocation.

The biggest differences between residential and commercial:  Scalability, financing are very different, property taxes may be different, Insurance is definitely different. 

Now, with taxes, insurance, and interest higher and rents not keeping up with property values, most investors are putting more down to get the properties above a 1.0X DSCR. 80% is acceptable, but the issue is getting the property to cash flow at the higher amount.