However, as many will tell you on this website, know your market so you can be more critical when looking at the pro forma.

@Carini Rochester there’s a huge critical mass building at four corners.  

As long as you keep track of everything and report correctly you should be good to go.I'm always in the camp to Keep It Simple Stupid when it comes to running stuff through LLCs until you hit a certain critical mass of assets and/or income.Hope this helps!

Flying in monthly helps, but having a local contact (realtor, manager, or trusted partner) is key for regular updates.Use tools like progress photos, video calls, or project management apps to stay connected, and schedule visits at critical stages of the project.

Essentially, it was one account with the bank tracking individual tenant details on your behalf.That said, it’s critical to ensure your financial records remain accurate by reconciling the account on a monthly basis.

If you're a single mom with student loans, a car payment, and living paycheck-to-paycheck, then $20,000 would be devastating and a reserve is critical.

Beyond the foundational advice others have shared, there are a few critical areas to focus on.

If you care to learn about the distinctions, read these posts:https://www.biggerpockets.com/forums/517/topics/1215989-expl...https://www.biggerpockets.com/forums/51-tax-legal-issues-con...2.

The sentiment was that STRs are a critical part of Buncombe County so they don't want to cut them off.

If someone is selling existing STR, that means the listing has a critical issue the owner doesn't want to deal with.