If children fit your demographic I would also recommend bunk beds in one of the rooms complete with games, tv, etc.

Using the LLC asset only makes more sense to me, but I've heard it from tax attorneys for example that the appraised value is what's used each year, until The Person owns 100%, then it's game over.If anyone has direct knowledge or first hand experience or can point me to a specific reference document (IRS perhaps?)

They know the game.

I'm assuming you have a hot tub and game room (pool table, large screen tvs, arcade games).

@Dimitrius Kiritsisthat is great, thanks Dimitrius, due diligence is the name of the game.

If not I push to grow the number not from riskier investments but from earnings to increase the machine bringing in the money.

Watching a Browns game in the stadium on Lake Erie with a wind chill of like 8 degrees is what we consider freezing winds out in Cleveland.

I know many others looking to get into the game join communities like Jake and Gino and other syndication groups.

From the lenders point of view, they want to see that you have "skin in the game" that way if you do run into any complications, you'd be more motivated to address them as you are invested financially in the project yourself.Regarding the tenants, I'm a bit less experienced in that regard.

Hi Shrijan,Welcome to the forum.Personally, I'm not a fan of out of state BRRRR.On paper it all sounds good and great but I've been in the game long enough to have witnessed otherwise.I would always advise doing BRRRR in your own market if possible.There are too many links to a chain with this approach and if one link is faulty, you chain becomes useless.Otherwise, (Yes, I'm bias lol) an alternate solution is buying turnkey.Wishing you much success