It's easy to obtain, costs very little, and doesn't require extra, on-going effort to maintain.

Truth in Renting put out by the state of NJ: https://www.nj.gov/dca/codes/publications/pdf_lti/t_i_r.pdfHere is the webpage for the Jersey City Landlord/Tenant relations office:  https://www.jerseycitynj.gov/cityhall/HousingAndDevelopment/...

At this stage you're probably better off investing that extra money into your primary business activity.What part of CA are you in?

I have studied things and I feel I would only make maybe an extra grand a year and frankly I don't want to squeeze every last time out of people coming for vacation.Most of our guests are regular people.

Living in one unit and renting out the others could offset a significant portion of your mortgage, giving you extra breathing room as the sole income earner.

Section 8 can be very profitable if done the right way, at scale, by an experienced operator, but I think it's one of the hardest strategies to start doing because of tenancies and government involvement.Most new people just think it's an easy government check and there is nothing that could be further from the truth.

Can I personally take that extra finance money tax free into my own name or personal bank account to do with what I please, or does the refinance money have to stay in that Llc company and I cant use it personally.

After adding an extra bedroom and bathroom and rehabbing the house, I was well over budget.

Eventually, I realized that if I kept waiting until tax time to organize my books, I would never escape the stress (and extra CPA fees).

If heat goes out in the winter we drop off several units, so they can be placed in different parts of the house - including every room with water like kitchen and bathrooms.We also have dehumidifiers, carpet blowers, shop vacs, puddle-sucker pumps, extra hoses, extra sump pumps with battery pack, squeegees, and portable AC units ready to deploy.