@Rickie LattimoreGive up 95% of the equity - oversee the properties and collect a management fee.

It's why most large landlords use their own in-house tools/software they pay someone a one time fee to setup for them and then hand off. 

LLCs require additional filing fees and tax returns and just complicate things.

I think it only makes sense to switch if your current lender is not meeting your expectations, and the rate/fees are significantly different.

On the renewal for the license, I asked if the loft was considered a bedroom and the response I got (unsurprising when it comes to taxes & fees!)

If the rate is reasonable then it may make sense to try to save fast to get to the 3.5% down payment on a double or triple - househacking may allow you to increase your savings rate and pay down that loan even faster.As for estimating costs, closing in NY factor at least 1% of the mortgage amount for tax, plus $1500-2000 for lawyer, title and fees, then the amount required by the bank for escrow will depend on the actual property taxes and insurance.

Strategic Purchase: Acquired a discounted double lot below market value with a $17k impact fee credit.Custom Design: Built a 6-bed, 5-bath home tailored for co-living or multi-gen use, maximizing tenant appeal.Efficient Management: Managed construction, and self-managed operations to minimize costs.Premium Marketing: Furnished the property and used multiple platforms to attract quality tenants quickly, achieving full occupancy.What was the outcome?

If an investor can create a Texas Series LLC for $350 and place each investment property inside a separate series at a cost of $27 filing fee, why not take this step to ensure that the problem of one property can’t flow through to the other properties?  

And what are the fees!

We have a member of our team called the "Resident Success Coordinator" whose job is solely this. 2) Flat-rate management- We are not a percentage-based company.