I'm not satisfied with not filing the rental in an LLC simply because it's more simple and might cost me an additional filing fee .

Are you looking to do additional projects like this in other cities/states?

As a limited partner, you would be able to participate in the project without being involved in the day-to-day operations, while benefiting from the potential profits upon completion.If this sounds like an opportunity you would be interested in, I would love to discuss further and provide additional details on how we can collaborate.Looking forward to connecting soon.

Additional DetailsI’m willing to invest in out-of-state properties, though I prefer areas with good property management options.My primary focus is passive income, but I’m also interested in value-add opportunities.I want to ensure these investments provide strong tax benefits and diversify my portfolio.I’d love to hear from experienced investors:What would you do in my position?

Additionally, I have one savings account for reserves for all my properties, which I add to every month. 

It also allows you to search 400 property and property owner consumer fields, in addition to being a driving for dollars tool.

.- Tell them they'll have to provide you with a copy of their renter's insurance naming you as additional named insured, with a minimum of (I use $300,000) liability insurance, also before they move into the unit.It's not perfect, but it's a start toward a tenant transparency.

Additionally, I was not making enough from my corporate job to support any kind of significant mortgage payment.

They are all pretty the same this one cash flows the least amount but has some additional upside.   

Your best route might be to buy a 2 to 4 unit property that you can live in and rent out the additional apartments.