It’s all part of creating a smooth, professional landlord-tenant relationship.

Putting a property into an LLC before placing it in a trust is generally recommended because an LLC provides a stronger layer of asset protection against creditors and lawsuits compared to a trust alone, effectively isolating the property from personal liabilities while still allowing for estate planning benefits through the trust structure; essentially, the LLC acts as a shield to protect the asset within the trust from external claims.Consider getting professional advice on how to structure your assets to shield and protect the asset(s).

Readers should seek professional advice.

Downtown is a good landing spot for wedding parties, corporate groups, families during the holidays, events, etc.

@Chris Johansen There’s a few action items you should take care of to protect yourself from construction related liability.1.The Builder should maintain commercial general liability and professional liability insurance 2.

They do put up a lot of red flags, but in talking with them they have at least put up a very professional facade.I wanted to broaden the question, and ask if what they are promising is even reasonable. 

No, more specifically deals found through networking with local real estate professionals, finding pocket listings, direct mail, etc.

My name is Terrance, and I’m excited to join this incredible network of real estate professionals and enthusiasts.

How to execute a 1031 exchange build to suitHow to operate and self manage a co-living property Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

I wouldn't worry too much about it, if you have a competent CPA or bookkeeper they should be able to review your books and within minutes have a strong grasp on who gets a 1099 (spoiler alert, not every contractor gets one, I'll be annoyed if I get one since I'm structured as an S corporation) and the amounts to report.1099 filings are usually a loss leader for us, so if you're working with a professional make sure you take advantage of them filing everything for you.