It keeps everyone on the same page.3) The downside of using a PM who has their own maintenance company is that you might end up with larger bills as it is a profit center for them.

For the first time in years I’ve noticed many of the larger apartment complexes even offering the first month free to fill vacant units, so it’s clear that demand is down.

I want to purchase my sisters house as my first investment.

Without accounting for management fees (I have not yet decided if I will try to self manage), and with planning to raise rents to typical market of $825 for each of the smaller units, and $1200 for the larger unit, does this seem like a worthy first investment? 

While not mandatory to purchase in an LLC, I would recommend it.

Hi everyone!
I own a 6BR short-term rental in Estes Park, Colorado, which generates a lot of laundry—especially because we use high-quality linens. We’ve tried off-site laundry, but our sheets get mixed up and replac...

Hey Jeff without knowing any details everything is what you are able negotiate. but you have to take in account the years interest rate and purchase price and what kind of cash flow.I will say get a mentor if you’re inexperienced these kind of deals can go left if you really have little knowledge when it comes to structure .

A quick formula you can use is your estimated purchase price times .0134. 

If you used them to purchase another rental/ use for another business endeavor...the process starts over. 

Generally, cost segregation makes more sense on larger assets.