@Shaun Ortiz providing for the future needs of my family, RE is my retirement planning vehicle of choice.

Also, these platforms do not provide all the available leads which are available from the county records department within each county for each state.

Establishing the LLC in IL first does not provide any additional benefits in this scenario.

@Shayan SameerOK - seemed like you were, can you provide more info? 

By electing QBI safe harbor, you ensure that your rental activities qualify as a trade or business under §199A, provided you meet the 250-hour material participation rule and maintain proper records.

Right now we're inquiring with our insurance provider to validate proper coverage, checking with our rental license if it covers uses like this, and working through what a lease would look like. 

To all of those providing rental housing in the Cedar Rapids market, I'm curious to hear from YOU!

(FWIW,$8K on just the compressor seem excessive.)Otherwise, unless your contract with your GC says they will provide 24/7 surveillance, or you can prove the AC was never installed, you own the problem.If the property has been vacant for more than 30 days, most policies won't cover vandalism unless you have added a Builders Risk Addendum.

---Are you talking about providing umbrellas and raincoats as alternative guest coverage in case they didn't bring their own? 

Insurance proceeds are typically provided in a check that must be endorsed by both the policy holder and the mortgage holder.