I’m also an active member of the local landlord association in Joliet (JRLA), which has been a great resource for networking and education.

The major pieces of information you are missing include NOI which includes deducting all of your operating expenses from your gross rents sans debt service, market dynamics (what are vacancy rates and asking rents like in the market the building is located in?)

Because that's what the majority of people do.

As an investor trying to sell your flips, choosing design elements that the majority of homebuyers will love is important.

Hi guys, I have some questions about putting property into LLCs/protecting assets, any information is greatly appreciated: Question 1: my understanding is that an LLC needs to be actively conducting business in its registered state in order for the LLC protections to apply, otherwise a judge could potentially pierce the corporate veil.

With the exception of some small markets in the Southeast, places like Cleveland are the only major metro areas where a regular investor can find cash-flowing assets with a mix of appreciation. 

To the nuts and bolt question of what defines occupancy, it is the place you reside and spend the majority of your time/nights.

A lot of major companies are choosing to build and develop here (Intel, Meta, Amazon, Google, etc.) so the population and job market are also growing.

@Vina Merrill,I don't have much intel on Knoxville, but I’m active as an investor, turnkey provider, and builder in Chattanooga.

The LLC was used in an active business for separation of the active business from my other businesses, rental for one.