Longer-Term goal- Absorb appreciation, pay off note, reinvest to maintain Top1%, and use cash flow to grow wealth.

My personal thought on an LLC is that if you actually need the extra protection that's given by registering in a super business friendly state, you usually have someone in your ear already telling you as you grow to a large enough size for it to matter.

Even though you may be paying a higher rate, your property value will likely continue to grow over the next four years.

And invest in an area that's growing, the land is valuable, the cost to rebuild is 20%+/- the purchase price, you have the ability to weather the asset's volatility for a decade plus and trust the process.

Highly recommend if you're in the area to check out this small but growing brand.  

Looking forward to connecting and growing.

Definitely not a town I'd call growing or in the path of progress. 

If you are in a bad neighborhood then you need to grow thicker skin to handle being a landlord in such a neighborhood.If this is loads of different guys/people then that is different than an individual.

I personally prefer to be more on the advising and relationship side so I can give my clients more tailored solutions, help them avoid pitfalls, connect them to people that can help them grow and structure their portfolios and I treat this industry more as a relationship business rather than a transactional business. 

Market Demand and Multigenerational Living: There’s a growing demand for ADUs, particularly for multigenerational living.