Using a HELOC is a smart way to unlock the equity in your current home and put it to work for your next investment.

You can even create a balance sheet if you want to get crazy.I definitely recommend scanning all of your documents associated with the rental using a free app like Genius Scan and get those into some sort of digital document management platform such as Google Drive, Dropbox, etc.

Hi all - We have several rentals and we just created a couple LLCs, no website yet though and when I went to register our business with a Google Business Profile they asked to verify using a video.

It looks like no matter what, my actual name will need to be filed on annual report with the NC LLC (even using a registered agent). 

It will also help you know if you are progressing toward your investing goals.By using a web or mobile application to track your net worth, you can automate the calculation to get current net worth information.

I am from NYC but plan on using a FHA loan and “house hack” for the low down payment option in order to start building my portfolio.

Even a tree falling on the property or fire would not be covered, if they found out you "broke" the policy agreement by using a landlord policy for a STR. 

Just RUBS it yourself, using a relatively simple RUBS spreadsheet and open & transparent billing to your (new) Tenants.

Using a hard money lender How did you add value to the deal?

However, you can mitigate this by using a trust or holding company to add a layer of privacy, where the LLC is not directly tied to your name.Attorney can help you better.