I’m forming an LLC to purchase these investments and plan to use commercial or portfolio lending.I’d like to avoid properties with HOAs, large multi-family units, or extensive renovation needs, and I’m primarily interested in properties with good appreciation potential.

The key is finding a reputable house-moving company in your area that can handle permits, utility disconnections, and logistics.

Utility Costs (Water, Gas, Electricity):- Paid monthly by the tenant unless included in rent.

When there's tenants already occupying the property, there's often times different leases that were signed among the tenants.Additionally, renting by room usually sees higher tenant turnover which in turn causes more work for the PM.Other challenges to consider:- Disputes/conflicts among tenants (different personalities if a tenant doesn't know the others prior)- Occupancy limits- Splitting utilities (what if someone uses more water?)

All utilities are at the street. 

Instead of extensive renovations, we focused on strategic market positioning to enhance the property's appeal.

With your extensive experience in remodeling and radon mitigation, you'll be a great resource for anyone needing radon testing or mitigation solutions.

If someone were to slip and fall or otherwise hurt themselves at one of my properties  due to a premises liability issue, the plaintiff's counsel will file a claim against the deed holder regardless of whether I am incorporated in PA as a single member LLC or through an entity structure utilizing LLC's from states that may have better privacy laws, the deed holder entity is layered or any of the other strategies often discussed in these forums. 

It felt like a no-brainer for the value of the land, but being able to utilize a traditional mortgage because there was a clean yet simple 3 bed 2 bath house on the lot made the deal even sweeter!

Renovated with cosmetic updates for immediate rental income, it offers strong cash flow while preparing for more extensive repairs and the addition of an ADU.