Which reminds me that I should mention that I’m not opposed to living a not-so-luxurious lifestyle in the short run.

Lenders are always reminded to say "I'm not an attorney...." when they relay anything.

It reminds me of a project I helped with in Sacramento..

One thing I always remind people is it does not matter what is on a powerpoint presentation, the deal is dictated by whats in the PPM, operating agreement and subscription agreement. 

This reminds me of a police officer  pulling somebody over without reasonable cause and asking to search their vehicle and if the person does not consent, they’re saying you must have something to hide.

Need some advice on the best way to structure this deal that's fair and beneficial for a 3 person LLC/partnership agreement.  My father and I have formed an LLC with another friend to start buying some rentals. We fou...

I had to present my documents for setting up the LLC and also my EIN number.

Goal setting is not something you should wait until the end of each year to do, but if you have been busy and maybe haven't been able to get around to either brushing off your old goals, validating your existing goals, or creating your new goals, now is the time to do it for 2025. 

Being able to A/B test MTR at the same time would allow you to know if you can convert the STR to MTR if you ever want to move out and keep the property.As for the net negative house hacks - I always like to remind people that shy away from a deal because they aren't making money that they are usually still coming out ahead if they are spending the same or less than they would on rent.Great last point.

Pretty sure it works in reverse also - set up a Michigan LLC for the property above and you'll have to register it in your state of residency.