For your current home that you plan to rent, setting up a separate LLC can help limit liability and keep finances organized, but it depends on your risk tolerance and long-term plans.

While STRs often have quicker turnover, screening can help reduce issues with property damage, chargebacks, or problematic guests.If you're concerned about high-risk guests, you may want to use a third-party screening service that pulls comprehensive reports, including identity verification and past rental behavior.

We've worked through most of the financial aspects, built in buffers, and taken a cautious approach.One key priority is setting up checks and balances to reduce the risk of fraud, especially when it comes to handling funds.

However, this structure is usually recommended for clients who employ a professional property manager (PM), as the trust arrangement can create additional administrative complexities.Regarding whether to use one LLC per property or place multiple properties under a single LLC, the answer largely depends on your risk tolerance and investment strategy.

@Shema Cochrane Most investors I've known in the mobile home investing space who have transitioned from smaller deals to larger deals have worked with partners to offset the risk especially when purchasing mobile home parks. 

Add risk adjustment.$140k/$1mm return.  

With strong market fundamentals and room to push rents, this deal presents an attractive risk-adjusted return for investors.

I’m doing DD and figuring ways to mitigate risk.

It’s a matter of Risk Reward.

It's all about the numbers and managing risk vs reward.