Consider a DST: A Delaware Statutory Trust (DST) is a tax-efficient, estate-planning friendly option for accredited investors.

This approach allowed us to move quickly and efficiently, ensuring the project stayed on track.

As you no doubt have experienced, the cost of living continues to climb, and even though we do our best to be efficient with keeping expenses down, there is no way reduce those costs back to what they were even a year ago.

From an asset protection perspective, it is important to note that an LLC is a very efficient legal tool to hold and manage investment real estate and to isolate the risk it generates.

The heating units themselves are new high efficiency modern units and are working as as they should but the home just doesnt have enough insulation. 

Cost efficiency makes it cheaper to set up and maintain than multiple LLCs.3.

.- Consider Short-Term Rentals: Since you're in upstate NY, short-term vacation rentals could be lucrative, especially if you can manage them efficiently.

.), or the potential for sqft to be efficiently added during the rehab (screened porch, carport, concrete patio area, etc.).

However, it’s crucial to ensure that the HVAC system is adequate for the space to avoid high energy costs.Flooring: The hardwood flooring adds a high-end touch but will require regular maintenance to prevent scratches and wear.

My tenants pay for their own utilities, and I own homes in Memphis, TN, but I was wondering if this was a solid strategy for tax benefits and energy conservation or to see if anyone else does this for their rentals.