Close the deal with a real estate attorney, ensuring all paperwork is in order and maintaining transparency about the property's condition.Good luck!

Group insurance: Look for insurers offering discounts for insuring multiple rental properties or join a local landlord association to explore group insurance options.The key is to strike a balance between cost savings and maintaining adequate coverage to protect your quadplex investment.

While I have sufficient liquid cash on hand, I prefer to maintain liquidity as I'm actively seeking my next deal.

This separation should be well-documented to maintain their classification as passive activities.

What I have to work with: - An LLC (currently just run STR taxes through this)- A Type S Corp (I run my ad business through this, but will shift it over to construction)- A General Contractors license in the state of Oregon, tied to Type S Corp (have had and maintained since July of 2022)- A construction skillset. 

Zero cash flow translates to negative cash flow in the short term because you have to maintain it.  

With a few inquiries from auto dealers. they shared 3 months bank statement and cash app summary showing 10,000 per month coming and withdrawal as well as withdrawal so maintaining close to 0 balance. 

Short term rentals typically need to be furnished and maintained at a higher standard.Tax Implications: Understand the tax benefits and implications of both strategies.

I had my tax guy open an LLC for me this spring, but don't know much about maintaining it.

There are also additional costs of operating and maintaining an LLC, like separate bank accounts, annual report filings, tax filings, etc.2.