It is about creating a balance between being open to new tenants and protecting your property interests diligently.By fostering a more secure leasing process, you can ensure that your properties remain profitable and that your relationships with genuine tenants are based on trust and reliability.

There is life stages to investing, and the math is clear that strategic debt use, strategic leverage, pyramiding, appreciation, is the wealth generator. 

Visit FinCEN’s website for filing details.This post does not create a CPA-Client relationship.

We created an LLC because it seemed like the right thing to do and we’re looking to grow our rental portfolio now.

If your personal info changes in the future, you just update it for the one Individual ID versus having to update it in each of your Reporting Companies. 

It will cut down on the fake accounts created to promote certain individuals, markets etc.

I started my first post which created this thread and bought my first property with REI several years ago. 

This creates a negative initial position.

Quote from @Brandon Foster: Hello Ryan,STR is do able in the north county area but there are a lot of rules and regulations.The city of Oceanside right now will not allow anything STR unless it’s west of pacific coast hwy.This is changing a lot too so you need to be aware of that in your plans.Carlsbad is super strict too but there are some condos that are still available to do STR in.Medium term rentals are as safer bet but way less profitable.

I don't think you can purchase a policy for one tenant, but you can create a master policy for all your units.