While I only have one LLC right now, I plan to expand to multiple LLCs (one for each property).Here’s where I need your help: How should I set up my account to reflect all the real estate activities like rental income, expenses, and distributions?

The proper roommate addendum should reflect you adding 2 new occupants and should include language as such:the parties hereto agree as follows:1.

Dave could understand that and yet balance it with the other parts you don't hear about until 20-30 years later after a few bad times and life-reflection.

So if they need the accounting measure to be reflective on the HUD, then repairs in escrow..and you hold the "escrow" yourself.

In July, the U.S. apartment market witnessed a slight uptick in rent growth, reflecting robust demand that has persisted throughout the summer.

I know in the one email you had said that the Sandbridge life numbers were more reflective of the take home.

We have become increasingly more democratic over time and those changes are reflected in our Constitution.

This means having separate bank account, not commingling funds, have an Operating Agreement, have simple occasional "minutes" reflecting actions of the entity, etc. etc. 

If we believe the pricing reflects effort involved, STR pm is 3x more work than LTR PM.- it is important that some of the furnishings are quality including common area seating and mattresses.  

Hey Nicholas, thanks for commenting.I realize my post doesn’t reflect my experience in helping clients buy and sell homes, but I’ve been wanting to dive into this for a while, especially living in a strong real estate market and seeing it evolve over the last 10-15 years.