Protecting yourself from any future issues will require a good understanding of the situation your house is in when you buy it.Tl;dr: crime here is relatively low, declining population numbers don't take students into account, properties are cheap, rents are high BUT be careful where you buy.This concludes my TED Talk, ha!

First off- $4.5M for 48 units and 50% are vacant is not a steal, unless this property is located in a downtown area and you have a contact with a developer who will pay 2X to build a high rise. $93k/unit for 50% vacancy doesn't carry hardly any debt, hence why they are capping you at $500k.

These two things can do worlds of good for a high net worth investor looking to maximize tax- deferred/tax-free growth and minimize general taxes from operations.

Quote from @Andres Felipe Alba Hernandez: Quote from @Rick Albert: There is a high probability it is enforceable.

I watched YouTube videos on this topic where they say not to mention that the LLC is owned by an IRA when you're trying to set the checking account up, or else you'll receive the push back that I received.  

Nice to meet you finally after years of listening to the podcasts and YouTube videos.

I would also highly recommend Rentalhero, being using it for a year now and I absolutely love it so does my CPA

I live in a VERY high demand tourist area with lots of rental properties and I have been working in property management for 5 years. 2 years ago, I ventured out onto my own because I was pregnant and wanted to work from home and stay with my baby.

But, here’s a situation in which having my properties in SEPARATE series of an LLC saved me enormous time, aggravation and money.in 2012 I purchased 5 individual high rise condos in different buildings in Phoenix, AZ.  

Develop a team with essential members, focus on moderate property prices and high demand, and start with cosmetic flips.