Our goal is to purchase two multifamily properties per year, and we want to ensure that we establish the most effective structure for asset protection from the outset.We’re exploring options such as Subsidiary LLCs, Parent LLCs, and Irrevocable Trusts to maintain both asset protection and anonymity.

This is because the financials of the condo project will directly effect the value of the real estate as a collective, as compared to just your financial health on other types.

A lot of people come on the forums and ask "Should I become an agent so I can more effectively invest?" 

I'm interested in learning a bit more about typical vacancy percentages, size of the local population being serviced, reasonable percentage of effective gross income for expenses, etc. as well Peter.Hopefully some experienced member(s) will sound off!

Short term, assuming the real estate lobby doesn't sue this to keep delaying/appealing, once it goes into effect there will be no more broker fees paid by tenant *unless they hire the broker*Some long term effects I can predict already: - Landlords now having to absorb broker fees will bake this into the rent (e.g. how "no fee" units typically are priced a little higher than other units) - Real estate board will require another document (or checkbox) for tenants to sign stating that they're hiring the listing broker and responsible for compensating them for their fee *if* they apply and are approved- Regular New Yorkers will have an even harder time to find an apartment because you cannot legislate/regulate away a housing crises... 

Quote from @Rob Williams: Hi everyone,I’m looking for advice on effective ways to connect with private investors locally interested in senior living land development.

This is definitely not the cheapest way to get leads, but it is effective. 

While I don't know the nuances of what my tax guy does with my records each year, effectively everything goes into your "inventory cost" or "COGS".  

@Tiffany Da Silva Your proposed banking structure is effective for organization and profitability.

Your write offs are also not effected, so you can write off miles also as an individual owner.