It's a made up term for BP that people use first as a bragging point and second as some sort of proof of experience and quality.

Creating an LLC in NY is a hassle - all sorts of nonsense about publishing in newspapers for 6 weeks, etc.I tried to research what it would take to own and operate a rental property in NY with a different state LLC. 

Is there an umbrella policy of some sort that would work?

I could explore a remodel / bridge loan of some sort, but not sure what my options are.

.- What sort of turnover can we expect?

Good luck getting that garage sorted – it's a pain now, but you'll laugh about it later!"

So essentially you can only put half of the property into the LLC, which might work for tax purposes (sort of), but doesn't work for liability at all since you can't usually put half of a duplex into an LLC as a separate asset.I do recommend that you keep a separate checking account just for housing expenses because it will really help you come tax time.  

Sort on the oldest SFH listings of 6 months or more. 

What other investment asset provides you those sort of returns?

I would suggest starting out on a deal by deal basis, tho the reg A is not a bad way to go for this sort of thing if your raising mountains of capital.