Great replies here, and thank you for sharing examples of what you have or have not done as a private landlord.I do think there is a time and place to offer concessions, just not for people like you and me that are owning/managing portfolios smaller than an apartment complex with 100's of units.

They originally wanted to phase out STRs with deed transfer, but the complexity and lawsuit risk of that verbiage had them change to this. 

Financing and Complexity: An LLC can make financing more challenging and expensive since banks often offer better terms on personal loans for real estate than LLC-held properties.

.- I live in Raleigh, 10-50 unit complexes will be hard to come by unless you're okay paying a premium.

Amenities also drive demand to a rental and its much easier to have something like a pool if you are in a complex.

@Tyler Speelman Your strategy to assist your sibling with a down payment while minimizing tax liability is creative but comes with complexities.

Long-term leases are less operationally complex and face fewer regulatory risks - more stable and scalable option.

Or maybe you finally want to purchase a multi-family complex / self-storage facility / car wash, etc.

There are some rare and complex circumstances where I see this would be beneficial.

In 2022, we also bought a gutted 56-unit apartment complex and fully renovated it in 14 months (over $2.25mm in construction)!