Do not communicate with the tenants except as advised by the attorney.

If your goal is to attract high quality tenants with consistent rent increases there are city/towns that have more favorable laws that I would advise you look in instead. 

I am a real estate adviser and can help you find and evaluate your next investment

Knowing the Market being so high in both these areas what would you advise, I currently have close to 60k to invest.

There are two requirements to claim REP status1) 750 Hours2) You spend more time on real estate than other activities such as your W-2 Job or BusinessYou want to work with a tax professional who will be able to advise you on what hours count and what hours do not count.Furthermore, the CPA may have a nice worksheet that you can use to help you document your hours.Best of luck!

For this reason, I typically recommend using series LLCs for single-family homes, where the structure can be more practical, and keeping commercial properties in their own separate LLCs for simplicity and to avoid unnecessary complications.In terms of management, I always advise structuring the series LLC with a separate management entity to address the concerns you raised.

If you are considering working with them, I strongly advise you to double-check the provided rates and terms carefully.During my loan process, I discovered that they had added a yield spread interest without informing me. 

I asked my CPA if I should check with my mortgage company before transferring the deed, but they advised that I just do the transfer through an attorney and not explicitly inform the bank.A few attorneys I consulted also had mixed responses, saying it may or may not be an issue, and that many investors do it without problems.Instead of transferring the properties directly to the LLC, would it make more sense to:1. 

We often advise people to house hack when getting started and you are a real success story!

Please feel free to reach out to me (dm or contact info in bio) if you have any questions - I'd be happy to share my experience / advise on the Atlanta coliving world with no strings attached.