You also need to register AirBNB units with the city, which means you can't legally do an AirBNB with a non-conforming unit. 

Also, make sure to record every transaction clearly to avoid any issues with the IRS or legal matters.Hope this helps!

For money judgments, in particular, it’s often worth consulting with an attorney to make sure everything is handled properly and legally—especially when you’re operating remotely.Best of luck with the process, and definitely reach out to the Facebook group for some additional insights!

I really need to get my money back or pursue legal measures against BiggerPockets .Please advice  Sorry for the inconvenience.

Unfortunately, after years and multiple legal fees, I never recovered a single penny.

Additionally, involve a real estate attorney to ensure the transaction aligns with legal requirements and protects both parties’ interests.

I believe we are making the right choice by doing legal/fully permitted ADU's.

The leadership part I believe is key, or mentorship is another way to look at it.

For those, each has its own LLC because I need to segregate investors in different properties (in other words, the ownership is different so the entity has to be different) and because our lenders for those size deals require single purpose entities.But if I formed a separate LLC for each of the 700+ properties that I’ve purchased in my career (all of the houses and small multi), I’d need a full-time legal team just to handle entity administration.  

little late to this party, but brokerage doesn't matter.