Also, estimating the property value periodically over time allows you to make decisions about when the right time to sell or refinance etc might be.

There are pros and cons depending on your goals.Why an LLC Might Be a Good Move• Helps protect your personal assets in case of a lawsuit• Makes it easier to bring in partners in the future• Keeps your real estate finances separate from personal accountsWhy It Might Not Be the Right Move Just Yet• Most traditional lenders will not give a mortgage to an LLC, so you may have to use commercial or DSCR loans, which usually have higher rates• Some people assume an LLC will save them money on taxes, but rental income is still taxed as pass-through income for most investors• There are extra costs like annual filing fees and bookkeepingA lot of new investors get stuck on this decision, but the reality is, you can always start out in your personal name and transfer properties into an LLC later.One more thing I wish someone told me early on is that property management takes more time than you think.

I will give this some more thought before making a decision.

That decision could shape your strategy quite a bit.

Is this a smart decision too? 

There are several factors that affected my decision, the first being the rising condo fees. 

From the time I started the initial consultation, Tommy was very helpful to provide all the information I needed to have before making my decision to go forward with the rental property.

In our experience, a well-vetted VA can help streamline deal sourcing, initial due diligence, and administrative tasks—allowing investors to focus on strategy and decision-making.In our team, we take pride in hiring professionals who truly understand the nuances of the industry.

@Dustin Bowman I know it's a tough decision and sorry to hear about all the foundation issues.

Consider the time and energy you'll need to contribute, and let those factors guide your decisions.