Basically, have your organizational documents in order, sign contracts and other legal documents with your name AND title (either Manager, Member, or Managing Member) and if a multi member LLC have an LLC resolution drafted and executed for major decisions.  

@Ryan DunnThere are many hot markets and places to invest and the 1% rule is an extremely basic metric to use as a basis for a good or bad market. 

Cohosting and learning the basics of property management will go a long way in comparison to trying arbitrage. 

I was going to hold the home long term but now the increase would basically eat away at any of my cash flowDoes it still cash flow?

Here is a recent post of mine that addresses your questions:  Cost Segregation - The Basics (biggerpockets.com)You can perform a cost segregation anytime before you file your tax return in April, 2025. 

The primary benefit of a smaller  renovation is you'll have a larger safety net if the renovation gets out of hand, the property won't sell, or if it takes longer than expected to rent.

I remember the reports of the first cases coming out from Wuhan in December of 2019 ,and obviously since everyone knows there are only 4 comprehensive bio safety level four laboratories on the planet, Moscow, Paris, Fort Detrick-Maryland and of course Wuhan Institute of Virology, and given that there are over 100,000 small town with wet meat markets throughout China, one doesn't even have to ask the question "what are the odds?"

.  😂😂 That is what I would consider a home run, basically lol.Nice! 

That is a safety issue.

To the Brain trust,I hope you don't mind my asking what may seem to you a very basic question.