There are state specific items to take into consideration.

@Greg ReeseMost small investors will benefit by having the LLC created in the state where the property is located at.Creating an LLC in a state like Nevada, Delaware, Wyoming may be better for the big players if items such as charging orders, business friendly case law, anonymity are important to you.However, be mindful that setting up LLC's in those states will add to your costs as you may have increased annual fees for annual LLC fees + registered agent fees.

If someone had gotten hurt and sued for $1mm then these coverages would have kicked in.Having been thru the claim process on a total loss.

Wind is one of the subtle items that Insurance companies are starting to exclude. 

location={lat},{lng}" headers = {'User-Agent': 'Mozilla/5.0'} response = requests.get(search_url, headers=headers) if response.status_code == 200: try: json_text = response.text.split('&&')[1] return json.loads(json_text) except (json.JSONDecodeError, IndexError) as e: print("Error decoding JSON response:", e) print("Response text:", response.text) return None return Nonedef extract_home_id(search_results): try: payload = search_results.get('payload') if not payload: return None region_views = payload.get('regionViews') if not region_views: return None root = region_views.get('__root') if not root: return None for result in root: if 'home' in result: return result['home']['id'] except KeyError as e: print(f"KeyError: {e}") return Nonedef construct_redfin_detail_url(state, city, street, zip_code, home_id): street_formatted = street.replace(' ', '-') city_formatted = city.replace(' ', '-') return f"https://www.redfin.com/{state}/{city_formatted}/{street_formatted}/home/{home_id}"def query_apify_redfin_scraper(detail_url): api_url = APIFY_API_URL payload = { "detailUrls": [{"url": detail_url}], "debugLog": False } headers = { "Content-Type": "application/json" } response = requests.post(api_url, headers=headers, data=json.dumps(payload)) if response.status_code == 201: try: return response.json()['data']['id'] except json.JSONDecodeError as e: print("Error decoding JSON response:", e) print("Response text:", response.text) return None return Nonedef get_apify_scraper_results(run_id): api_url = f"https://api.apify.com/v2/acts/tri_angle~redfin-detail/runs/{run_id}/dataset/items?

I am adding about 20 more this year, but there's one small pocket I'm struggling with the financing on (honestly, due to Huntington Bank dragging their feet on items, etc.), so I'm seeing what other options there may be. 

Never use an Expense Ratio %-  do a line item forecast. 

If your AGI exceeds $150K, passive loss limitations apply unless you qualify for Real Estate Professional Status (REPS).This post does not create a CPA-Client relationship.

@Jacqueline Wright  Every auction is different so the first items to check: do they allow financing if you win the auction? 

So monthly expenses are $2809.I'm assuming for the sake of this conversation that you charge $150 per night and are occupied 50% (15 nights a month), so your projected income should be $2250 per month.If the above numbers are accurate, you will have an operating loss of -$559 per month.