Further, if planned well, you can have lots of operating expense deduction.

Keep in mind, that is NET income, so with enough operating expenses, and depreciation, you might wipe out any income, and thus no UBIT, you will just need to run your numbers.

They’re a large PM company, operating in about half of the U.S. states, but lately, the local turnover has become a real problem.

A secure building will appeal more to potential tenants and provide peace of mind.Energy Efficiency:Ensure the property is energy-efficient with proper insulation, energy-efficient windows, and appliances.

I operate above board so their threats aren't concerning to me.

I have watched some Youtubes and most operators say 3-4 bedrooms and 2 baths are ideal.

If you are a large enough operation where you have employees then it makes sense.

Quote from @Jonatas Melo: If zoning doesn't permit two units, then I wouldn't operate two units.

Those that have conservative debt, liquidity, and are strong operators - will capitalize. that is playing out in the MF syndication world big time right now.

@Tanya Maslach The operating agreement language will be drastically different for an LLC that owns/operates real estate compared to the operating agreement used for your media company.