Most people can do their books themselves if the business is not too complicated, but is that the best use of your time.

Also, split AC sounds complicated to the folks who have visited the property so far.

FLLC2 also owns WLLC.Sorry for what may seem complicated.

(I in turn lose some return but VERY worth it to me)More doors (commercial or multifamily) means I have a greater buffer from having poor cash flow.Truly passive income: Write a check/wire, read a monthly report, ask questions if I have them.Specific to who I deal/work with: Not tranched or complicated.

In this scenario with the title company out of business and perhaps not purchasing tail coverage, that complicates things a lot.

This property is three hours from where I reside, complicating the direct management approach.

as an overview, NPN seem way more complicated then flipping a house for someone at my level.

very complicated, seems like you'd need a public private partnership to make it work. 

Still, I'm concerned about potential tax complications given the property's location in Maui, my residence in California, and my in-laws living in Washington.Am I overlooking anything crucial here?

@K SMy situation was a bit more complicated.