Consult an attorney or CPA to structure this correctly and protect your LLCs.Hope this helps and be careful!

You still may have negative cashflow, but it may be smaller, so is addressed by rising rents sooner.As a professional in the Build-4-Rent space, let me make some corrections here. 

I stand corrected:)They do have an office in Metro Detroit and while we're far from perfect, we seem to get a lot of their unhappy previous clients.In our opinion, they built a system for Class A rentals - where tenants have 680+ credit scores and rarely have to be evicted or trash properties.They then tried to apply their processes to Class B & C rentals and that's when their service issues increased.All this caused them to recently significantly increase their Flat Fee pricing and monthly minimum charges.

If this is the case I think I understand everyone correctly.

@Layla Sewell Correct.

We had to pay for a 3rd party to review the appraisal and either agree or disagree that it was done correctly.

The same is true for a house—placing a tax-advantaged asset into a tax-advantaged investing account cancels the tax advantages (or many of the immediate ones).Maybe @Michael Plaks or @Kaaren Hall can explain this better or correct my understanding here?

For asset protection, LLCs are over-hyped - you just need good insurance.Set up correctly, an LLC may give you decent anonymity, so tenants don't know you're the owner and can't track you down to retaliate (happened to my manager). 

I knew it was a unique real estate market .. but sadly all the risks I evaluated were correct.

Hey @Travis Biziorek, Correct, I currently have the property listed on Airbnb (STR) and Furnished Finder (MTR).