My very limited understanding is that the mortgage being in your individual name and you operating the property through a single-member LLC makes piercing the corporate veil fairly easy and that insurance coverage is typically a better protection plan.

I understand that the beneficiaries of the estate didn't want anything to do with operating commercial real estate, so it was just left to fail.

In spaces like offices, retail establishments, or other commercial areas, TI work ensures that the space is tailored to the business's operational needs.I'm looking forward to a meet-up in Chicago as well.

I want to operate the unit as an MTR.1.

Mitigation Strategy: Investors might focus on long-term tenants to maintain stability or find other ways to increase income, such as charging for amenities or reducing operating costs. 2.

PM is still a filed were easily 50%+ of operators are horrific, just total hacks that shouldn't even exist.

Best bet is to connect with local MTR operators and ask them.

We gave it some time running it from across the country, but are realizing that we'd rather not try to operate it from across the country. 

I advise clients not to solely rely on AirDNA data for performance analysis as there can be some variation based on amenities such as hot tubs, premium decor and design and general operational excellence. 

That would mean you only have $38K of operating expenses each year, a 24% expense ratio.