The Dunning-Kruger effect is running rampant in the forums.

There are also additional costs of operating and maintaining an LLC, like separate bank accounts, annual report filings, tax filings, etc.2.

Unless otherwise stated in this Agreement, Tenant shall establish their own utility accounts, effective no later than the lease start date, pay all utility charges, and maintain accounts in good standing.

There are more effective ways to accomplish this.

I don’t know of any other opportunity where you can net $10-20K (in some cases even higher) per month on a single residential property.There’s usually plenty of room to bring investors in and everyone involved still win, even in todays higher interest rate environment.Financially, residential assisted living is usually a more cost effective option for families than alternatives.

Quote from @Dominic Mazzarella: I would ask this, when raising capital for a real estate syndication, what strategies have you found most effective for building trust and credibility with first-time passive investors?

Even then, you can expect they won't be able to maintain the home to the same level you did while living in it.

When it comes to selling properties, I firmly believe in maintaining transparency throughout the process.Let me share some insights and experiences regarding this important aspect.● Resident Impact.

.- Your maintenance and repairs will be mostly limited to the interior of the property as the condo management will maintain the building- You won't have to worry about tenants maintaining the grounds around the buildingCons:- Condo fees may change drastically over time and it's largely not in your control- Condo bylaws can be tough to work around.

It will cost your money to get and maintain.