This means to focus your time in the areas that have the greatest value & impact such as how to scale your portfolio vs working in the weeds on things like property management, repairs, rent collection, etc. 

I know many will say "that is commercial it will not impact residential".

If an actual tenant tells you something that impacts them directly you can explain it to them but I haven't had that happen.

However, existing properties may need updates or renovations, leading to potential additional costs.Key Considerations:Market Conditions: Fluctuate, impacting whether buying or building is cheaper.

All gains until time of death are gone within tax impact. 

And whether they find all of these little issues or not, it will still result in thousands of professional fees and many hours of your time to deal with it.Then you need to look at the other side, if you are mis-stating your tax returns, you will also end up providing bogus numbers to banks (also not a good one to lie to), potential investors, potential buyers, impacting the value of your properties by over stating your expenses...Honesty is a great policy. 

So the negatives mostly are accurate but not usually impactful for a long term hold.I recommend you (and virtually everyone) start local.  

In this couple’s case, painting the house white and adding a bedroom were game-changers.Prioritize high-impact areas like the kitchen and bathrooms, and add to the home’s curb appeal.

Hi,Checking if anyone has any recommendations on how to go about setting up llc and how it impacts personal loans for the same.

Using it like long-term debt can be bad for your financial health.First, the HELOC impacts your DTI the moment is created, not the moment you draw down on it.