@Phil Petite Forming an LLC in Tennessee is recommended if your rental properties are located there, as it simplifies legal compliance, avoids the need to register as a foreign LLC, and aligns the LLC with Tennessee's laws for property management and tenant disputes.

Those condos sell for around $2 million, but they rent for $400 a night.

I'm a realtor, investor and own a construction company located in College Station, Tx.

Biggest struggle is finding deals that make sense where the numbers work and in locations that would work for STR.

@Polat CaglayanI've never seen a formula but here is a general rule of thumb for multifamily:The class of an apartment refers to the quality of the building, which can be determined by a number of factors, including age, location, and condition: Class A: These are the highest quality apartments, typically built within the last 15 years.

The property is located in a prime growing area in northern Alabama.

If private companies continue to provide the insurance, I suspect we will see further increased premium costs which will need to be reflected in the rents tenants pay (all tenants: LTR, MTR, STR).  

Essentially, the Finish Schedule is a spreadsheet that contains all of the product links, SKU numbers, quantities needed, and installation locations for every single piece of material that goes into your project.

I may be able to help - what state(s) are your properties located?

So they will rent without buying even though buying is available to them but they dont want to live where its affordable.