@Ben O'Neill You're in California so you probably need to get something signed and approved by congress before you can do anything, but for the rest of us in states that allow business to be conducted....I have all tenants sign the same lease.

I thought the holding company would not conduct business but have subsidiaries of LLCs for each aspect of business or up to 1million in assets.

Every system you try will have flaws, or you may salivate over a feature that appears in other software.Some familiar names are mentioned frequently: Stessa, Apartments.com, RentRedi, TenantCloud, Innago, RentManager, Avail, Rentec Direct, Doorloop, etc.I recommend conducting thorough research on each app online to understand their offerings, pricing, etc.

What resources or tools are essential for conducting thorough market research?

Haven't been active in our community much, but have been conducting business with a Bigger Pockets agent.

I recommend conducting additional market research to ensure these targets are competitive and appealing under current market conditions.

The Supreme Court has interpreted “trade or business” for purposes of Section 162 to mean an activity conducted with “continuity and regularity” and with the primary purpose of earning income or making a profit.We would argue that rentals and general real estate investments fall under this auspice otherwise you wouldn’t do it.

Ooops lolFor example:75% of tenants pay their rent online.Others mail a certified check to our office.Showings are virtual and automated.In-bound calls have been slowly eliminated over the years and a lot of our operation is conducted through email and other platforms.There is almost no need to visit the office.Looking to automate and virtualize even further but we still like having an office as it's good for camaraderie so will keep it that way for now 🤓 

Build a contingency budget into your plan by allocating an extra 10-20% for these surprises.To get ahead of potential problems, conduct thorough inspections from top to bottom before buying a property.

If the operating agreement for LLC A gives its managers the authority to conduct the affairs of its subsidiaries you might be fine.