An LLC is a smart move for individuals looking to protect themselves, grow their business in a professional light, and operate as a corporation. 

The reason I used that method was to be able to put the property in my name or corporation or partners.  

I would say it depends on the market.We had converted a 88 unit hotel into MTR for corporate housing in a market with a lot of job growth.

I’d appreciate your perspectives.Here are the details about our current home:3/2 Class A property in a middle-America town with historically ~1% annual appreciation.Purchased in 2020 for $200,000 at a 3% 30-year fixed rate.Remaining mortgage: $150,000.Estimated value: $270,000 (based on recent sales).After selling costs: Likely $100,000 in net proceeds.Rental potential: $2,000–$2,300/month.PITI: $1,200/month ($700 mortgage + ~$500 insurance/taxes).Maintenance/CapEx/Vacancy (20%): ~$400/month.If kept as a rental:Net cash flow (self-managed): ~$500/month or ~$300/month with property management.Low appreciation potential but ~$400/month in principal paydown.Considerations:What’s the additional overhead of managing a second rental property remotely (3 hours away)?

Be sure you have registered ALL your Corporations and LLCs by December 31, 2024Failure to file is a $500/day/entity fine!

This means that you will probably need to pay registration and filing fees in at least 2 states if you don’t buy CA property as a CA resident.Any lawsuits should be limited to the assets of the LLC and not your personal assets (assuming you run the LLC appropriately and the corporate veil is not pierced, some debate as to SMLLC).

I have a good friend who is one of the top bankruptcy attorneys in the country (usually corporate).

The more parking the better and the more options for a bit of increased corporate amenities, the better.

I'm so over paying $200 in cleaning fees in suburbia America to have a list of check out instructions.

Hi all, Received a general lead in Furnished Finder this morning, MTR for construction crews through PCH (Preferred Corporate Housing).