Purchase price: $472,500 It is currently operating as a short-term rental.

My LLC entity is set up in NY and I am also operating in NY.

I'm curious to know if this is a thing.I know our operating agreements do now allow for us to sell GP shares. 

Hi David..as long as your operating agreement can demonstrate that you are the owner of the LLC there should be no problem in refinancing out of the HML.

Find a local agent who's familiar with your target market and a property manager to handle the day-to-day operation.

One of the core roles of a property manager is marketing and filling the vacancy quick.

What is your top tip to save money as a landlord or be more efficient with your operations? 

If anyone is interested in getting into multifamily deals I would say go big early (100+ units) as my best advice to you, find a good sponsor and experienced operator (between my partners and I we have over 2k units now) and you'll actually experience less risk than if you go from single family, to 10 units to 50 units to 100+ units over time.Hope that's helpful. 

Piercing the corporate veil is easy (from what a lawyer I talked to said) and unless you are running a large operation I have heard it isn't worth it here. 

The property currently cash flows around $1,800 a month after operating expenses.