The key one for me is whether it makes sense to drop in some “correction” rates (i.e. negative growth) or if in the end it all evens out long term as @Kerry Baird writes...

Sign contracts requiring vendors to list you as additional insured with correctly worded indemnification language.

By correctly classifying your property, you can ensure that you’re complying with IRS guidelines and maximizing your tax benefits.

CPA and CSS experts, can you help me confirm or correct my understanding? 

I've always been a bit of a "job hopper" and have worked in several different industries over the years (eg. healthcare, insurance, bartending, audio engineering, project management, adult corrections, and other security work).

My thought is that your first task is to figure out exactly what must be done to correct the situation and then get a price tag.

A room furnished through FF could easily fetch 800. 3 of them is 2400 or up to 3000 when that same house probably only will get low 2000 for rent.I don't think BP has leases for by the room (correct me if I'm wrong) but you can have an attorney draft one for not too much online OR use ChatGPT honestly these days.

If I had a penny for every time something looked okay and later learned it was not done correctly.

Yes I paid for it and it cost me more than having to manage but I put a lot of value to time and family.You are also correct, depending on the type of property if investing in rentals, there are things that happen during the day that cannot wait until the weekend.

$1,500 per entity may seem high at first glance, but the cost can vary significantly depending on the complexity of your tax situation, especially with multiple LLCs, state filings, and the need to correctly allocate capital contributions and losses on the K-1s.