Specifically 13st but some st are not that bad.

If those fields are left blank, then that's a pretty big red flag on the application.

Point blank: is it necessary to set up an LLC from my SDIRA for buy and hold SFRs?

That blank is usually the one who did the closing.

Unless you happen to have the misfortune of being sandwiched between 2 houses owned by people who are in the middle of a foreclosure limbo and maybe no longer care about maintaining their property so you have to stare at their deteriorating houses every morning when you go to work.

Buy some blank bandit signs and hand write them.

Hello all, We are just staring out, closed on our first rental property in January and waiting to close the second.

There are issues with maintenance, accounting, banking, taxes and filings for each LLC.If you'll get away from guru LLCs and blank forms and draft an efficitve LLC Operating Agreement you can add members, take them out, divide profits, segregate profits and expenses to other members, manage, invest or have a passive position in any single property or groups of properties.

The value with anything over 5 units is ultimately tied to the rent it DOES produce or when running the numbers what it WILL produce in a conservative estimate in the future.You are saying 300k purchase and 200k in renovations.So you are at maybe a 720k value after rehab which is okay but not a great deal.They key with paying 300 is you have to NAIL EXACTLY the expected rents for fast lease up and the cost to rehab including materials and labor.Add 10% contingency on top of the written estimates.Your seller is saying 300k but I would venture to guess if you came to them with 250k cash staring at them and you said you would walk they would seriously look at it.You have to make sure you buy right and are not taking on an overpriced lemon to turn around.From what you have said you can find better deals.I wouldn't dump 500k cash into something MARGINAL for a deal.

Yes, call a lawyer and have them do a quick form for you that you can use forever hereafter by filling in blanks (unless the circumstances are unique or change).