I remember when a close friend of mine bought his first duplex in Philly; the excitement was off the charts.Your idea to pick up the neighboring property is pretty smart, especially with that shared backyard.

Cost segregation can help boost cash flow, create substantial tax savings, and increase the profitability of the warehouse operation by accelerating depreciation.A cost segregation study is a strategic tax planning tool that separates the assets that have a shorter useful life and can be depreciated over 5, 7 and 15 years from the residential rental property or nonresidential real property that are depreciated over 27.5 and 39 years, respectively.

For example, last year a friend of mine was able to secure a line of credit through a regional bank in Phoenix..

I did mine as fix and flip or when foreclosure rescue was legal in Or and Wa..

The bigger and more diverse your business, the more cumbersome managing multiple policies can become.Administrative Burden: If managing multiple policies is consuming too much time or resources, consolidating may be a way to streamline operations and reduce the workload on your team.Negotiating Leverage: When your business reaches a certain size, you may have enough premium volume to negotiate better terms by consolidating with a single carrier.Final ThoughtsConsolidating your insurance portfolio into a scheduled program can offer significant advantages in terms of cost, simplicity, and risk management.

Asking for and evaluating T12 is much more relevant to larger MFR with management than M&P operations. 

These are small enough that they are still operated by ma-and-pa operators but they are typically easier to find funding, operators, and contractors for.

Like everything else, there are tradeoffs.However, you mentioned being in an area with students, so SFH's in your area may operate more like multifamily units anyways with higher turnover.

@Tyler LingleI didn’t use a lawyer to file my LLC but used one forMy operating agreement.

When we do ours we check smoke detectors, fire extinguishers, sump pump operation and overall condition but have not focused on cleanliness.