Any notes on NOT to do items would be helpful. 

I would recommend taking a  look at some of my previous posts which emphasize the action items you as a rental property owner should be implementing that have a far greater impact on asset protection than merely forming an LLC.

You may have dodged a bullet if you really forgot to check and verify all the items.

I've actually had a number of military servicemen on TDY here stay at my smaller condos for several months in the off-season.

Some have juiced that up too with all kind of party rental items. 

I was thinking I would create a course that involves a field trip to one of the flips I am working and pointing out all of the things they should catch and helping them understand rehab costs at a line item level.I am an expert in electrical and learned plumbing in the Coast Guard.

But being that they may see the insurance change it might pique their interest in that change … you can always ask them - most banks will gladly advise you of their policies regarding such items 4 plexes are attractive acquisitions… I’m not sure I would bump it to five if it were me.All the best!

I'll report back what I find out from two local commercial lendersWhat did your local commercial lenders say about this item?

I opted to have most items delivered — which the contractors appreciated.

You CANNOT depreciate the house if it’s for personal use, ONLY if it’s a rental use.So I can still depreciate the house, write off items I buy to furnish the home, maintain the home, and any costs associated with running it as an AirBnB when I am not using it for personal use?