(unless in the future we decide to move them into a Multi-member LLC then we will file as a partnership?)

If the water bill is $100 a month, increase the price by 20% (or whatever you decide is fair) to compensate you for the time required to split and bill and to cover additional use when tenants squander the utility.

I’ve noticed that STRs with those kinds of unique offerings tend to stand out and get booked faster.Looking forward to seeing what direction you decide to take!

I recently passed my MLO exam and decided to keep my real estate broker license separate from my MLO license, which means my real estate license will not be endorsed.

My advice is whatever area you do decide to invest in look up the tenant laws. 

Decided on Belize. 

This negative equity position is one of many reasons that adding ADUs in a single family zone is not typically a good RE investment.OP whatever you decide to invest in, make sure you do thorough and conservative underwriting. good luck You’re right in that the level of underwriting I presented wasn’t institutional level - but for your average person just starting out, institutional grade analysis often makes the thought of investing overwhelming.

You may decide not to deliver a legal notice right away depending on the violation, but when you know you are dealing with a problem tenant, go straight to the legal notice requirements, and if the tenant still doesn't comply, evict. 

I have decided on a value that each LLC has before starting the next LLC and some of this depends on the location. 

As Bill mentioned, the best way to decide would be to get a free cost/benefit analysis to help you determine if you would benefit.