To be frank, if an individual does not understand their role, they are most likely going to squander the opportunity. 

Risk reward consideration.  

I am hoping to learn a lot from the members here as well as build lasting and rewarding relationships.

Obviously this is a huge concern, as a tenant could sue you as an individual for liability of the property, and in a country like this that could bankrupt you.

(These averages represent state-level data, and individual cities may levy additional taxes.)To achieve the same level of cash flow as a property in Nevada, you would need to generate a higher cash flow in Texas to offset the higher operating costs.

Starting over with a new property manager with a new listing can be a positive, as Airbnb and others reward new listings with additional exposure, especially if you are headed into the busy season.

I also think there is a decent use case for people with more capital that want to diversify their risk, but also want to select individual properties.

If you’re focused on building capital quickly while you’re young, flipping properties could be your main strategy for now, with rental properties as part of a longer-term plan to balance risk and reward.

If a cash out refinance, many lenders will allow the cash out to satisfy the reserves requirement.DSCR lenders generally let you vest either individually or as an LLC.

If they were separately metered, each tenant would pay the $116.50 base fees and their individual use, which would be 3x higher than what they pay when sharing a meter.There are many options, but don't make it more complicated than it needs to be.