Here's the math I did:MonthlyIncomeRent $12,000 ($1,500 a door)less monthly Operating Expense$5,613 (including vacancy factor $600, property taxes $1,333, insurance $560, maintenance $960, management $1,200, replacement reserves $960) which fits almost 50% ruleThen, Net Operating Income (NOI) $6,386.67/monthless monthly Debt Payment$4,816.79 (based on purchase $905,000 w 20% down, estimated 7% interest rate on a 30-year loan)CashFlow$1,569.88/month (on average $196 a door)Total Investment: $198,000 (including $181,000 for 20% down plus $10,000 for repair budget and $7000 for closing assuming Seller doesn't help with the closing cost)Cash on cash Return: 9.5%DSCR (NOI/Debt payment): 1.33Cap Rate: 8.4% (I used purchase price $905,000 plus repair budget $10,000 for the market value)Thank you so much!

Here's the math I did:MonthlyIncomeRent$12,000 ($1,500 a door)less monthly Operating Expense$5,613 (including vacancy factor$600, property taxes$1,333, insurance$560, maintenance$960, management$1,200, replacement reserves $960) which fits almost 50% ruleThen, Net Operating Income (NOI)$6,386.67/monthless monthly Debt Payment$4,816.79 (based on purchase $905,000 w 20% down, estimated 7% interest rate on a 30-year loan)CashFlow$1,569.88/month (on average $196 a door)Total Investment: $198,000 (including $181,000 for 20% down plus $10,000 for repair budget and $7000 for closing assuming Seller doesn't help with the closing cost)Cash on cash Return: 9.5%DSCR (NOI/Debt payment): 1.33Cap Rate: 8.4% (I used purchase price $905,000 plus repair budget $10,000 for the market value)Thank you so much!

Here's the math I did:MonthlyIncomeRent$12,000 ($1,500 a door)less monthly Operating Expense$5,613 (including vacancy factor$600, property taxes$1,333, insurance$560, maintenance$960, management$1,200, replacement reserves $960) which fits almost 50% ruleThen, Net Operating Income (NOI)$6,386.67/monthless monthly Debt Payment$4,816.79 (based on purchase $905,000 w 20% down, estimated 7% interest rate on a 30-year loan)CashFlow$1,569.88/month (on average $196 a door)Total Investment: $198,000 (including $181,000 for 20% down plus $10,000 for repair budget and $7000 for closing assuming Seller doesn't help with the closing cost)Cash on cash Return: 9.5%DSCR (NOI/Debt payment): 1.33Cap Rate: 8.4% (I used purchase price $905,000 plus repair budget $10,000 for the market value)Thank you so much!

A one-size-fits-all individual mandate is not required.Most of us here oppose rent control.

Since I'm living in this house I need it to fit my needs. 

Otherwise, the courts can set aside any liability protection the LLC may offer you because you aren't acting in a manner fitting the LLC model.Too, LLC was designed for groups mostly. 

Regarding the Reno, I really want to take a try and ABNB the property as it’s a great fit and something I want exposure to.

@Ryan FlanneryIn terms of rent : price, you can still find plenty of properties that will fit the bill for the "1% rule" if that is what you are referring to.

Depending on what you’re looking for you may find some of the large brokerages a good fit...they’re certainly larger but with that comes established programs you sit in on and learn the business of real estate, not just filling out a contract. 

We got the documents from someone we knew in the Pontiac area who owns apartment complexes and had his paperwork created by an attorney, and then we just adjusted the documents to fit our business.