@Sequoiah BriseñoCalifornia multifamily sale and 1031 exchange purchases mandate landlords or property owners to issue 1099s for payments of $600 or more to a sole proprietor, LLC, or partnership, and request a W-9 from each vendor by January 31.Good Luck!

Property management is not a joint exercise between you and them.

I think with your faith-based parameters, turnkey would be the safest option as long as paying for property management is ok.

A property manager could ease landlord duties.

@Jordyn GeggIf you mean like property manage then you would need to get licensed and insured for each property since this new LLC does not own themI would not take on the Burden or expense of setting up another LLC for something like this since it doesn’t gain you anythibg

One recent property I bought the listing agent disclosed that it needed new sewer lines.

Hi House-hackers,I've seen different advice about software that MTR folks should be using but it seems like the suggestions are based on people having multiple properties they're managing, both as STR and/or MTR.I'm starting out and am hoping to get a tenant via Furnished Finder.

I would pull up outdated properties on the market, and walk the properties with the contractor to get bids on what to do..

The big thing is to get started with a good, quality property.

The best thing to do is to put each property in it's own LLC.