You need a management plan in a market to make it viable.

I was thinking this might work on my property in Redding and can be adapted to a shared housing project for seniors (though I'd want rooms large enough for bed, bath and seating area)  It's my understanding that it is considered a SFR with seperated bedrooms as far as planning.

I plan to be here often but have been listening to the bigger pockets podcast for the last year now, and have consistently been saving to make my first investment this year.

If your starting with one 6 plex and plan to keep long term.

We plan to build a cabin or cabins for our family use and an STR.

The plan is to transition into a new home in 2025 or 2026 while converting this property into a long-term rental.

Share a clear business plan with numbers showing expected purchase, rehab costs, ARV, and rental income.

I would encourage you to learn the market you plan to invest in now and to continue to learn about the different methods of investing.

Take the money you would be spending on filing and additional costs and put it toward an umbrella policy.

If neighbor says they own it I would tell them I plan to construct a new one next to it on my property line even if I needed to lose a couple of feet of yard.