It’s definately illegal in unincorporated Clark county (which somehow includes several small towns, I guess they aren’t incorporated.) and within 600’ of an existing Airbnb in Las Vegas.

To answer your question: you should consult with an incorporation attorney to determine if single vs multiple LLCs are right for you as far as mitigating risk or other issues.Congratulations and I wish you nothing but success, Spencer.

I've advised clients  with multi-families that if you show the bank that you are majority owner (articles of incorporation) they will likely acquiesce to the change. 

Find yourself a lawyer who specializes in corporate law ... a thorough operating agreement is a pretty boiler plate document.

You will have no idea what clauses to put in and words to use in the initial filing and articles of incorporation to even start the process.

Easy way to not get scammedWe find people putting our logo on their documents and websites without permission trying to suck people in using our reputation. 

The reason I ask is it seems as though I would be double counting on-going expenses (insurance, taxes, and interest) if I also incorporate them into the initial investment calculation as well as in the NOI calculation. 

It can be your first stop and last stop of the day.RECORD KEEPING: Always make sure you keep minutes of the incorporation meeting (decide on business entity and set up by-laws), shareholders meetings at least annually and give proper notices.

Our business is now 100% virtual, which we're thrilled about, but to stay incorporated in our state of Oregon, we must have a physical presence.

Take a look at this logo making software - you can find there many good ideas which you can easily adapt to your needs.