👏Regarding subcontractor contracts, it’s essential to have a well-thought-out document to ensure clarity and protect all parties involved.

My view is there is more protection on a wrap than a sub to and with the right disclosures and underwriting can be an alternative option. 

A well written management contract should clearly spell out what is expected of both the PMC and the owner, to PROTECT both and avoid misunderstandings.

Set clear terms in writing so that it’s “official,” which can protect everyone involved.Renovation Phasing: If the reno is intensive, consider breaking it into phases.

A well written management contract should clearly spell out what is expected of both the PMC and the owner, to PROTECT both and avoid misunderstandings.

You have to protect your assets and your family.Yes to all over 18 years old.

It's comforting knowing that you have some sort of protection there. 

This allowed us to maximize revenue and occupancy more effectively.Safely Insurance: We also decided to use Safely Insurance, which provides comprehensive coverage for guest damages, liability, and protection beyond what Airbnb or Vrbo offer.

I also agree, that income is not a protected class.

You do not need to have it under an LLC to take depreciation, the LLC's purpose is to protect your personal assets should you get sued.