If you choose to play with fire, that is your perogative.For your reference, here is a good primer.Here is the key paragraph:Rental discrimination is when a landlord or property manager treats an applicant differently based on the applicant’s inclusion in a protected class.

I would still set aside money for renovations that are need based if you do that and use the rest to invest.

Great community to bounce ideas off of as I build my knowledge base.  

View report*This link comes directly from our calculators, based on information input by the member who posted. 

@Stephanie Menard, a few comments based on my own experience.1.

Based on what you say, the LLC may be the better option. ...This post does not create a CPA-client relationship.

This gives you flexibility and a clearer understanding of how you’ll proceed based on market changes.

Additional Info —Key Details:Location: Outside Santa Fe, NMProperty Size: 20 acres (valued at $80,000)Project: Two new STR unitsExisting Experience: Family has two fully-occupied LTRs nearby, generating $2,000/monthConstruction Approach: Self-contracted with licensed trades for electrical/plumbingCost Assumption: $80,000 per unit, plus ~20% for inflation (based on 5–8-year-old build costs)Financing: Using land equity as down payment on construction loan (expecting closing costs to be major expense)Request: Looking for feedback, potential pitfalls, and general guidance

They are very likely based overseas.

We're based out of Chaska.