Each note is a seperate series of the LLC, so it’s like its own individual LLC without the additional cost of LLC setup or legal fees or state fees.  

Thanks Michael, it's good to get that additional verification.

I wouldn't touch a 2 million dollar luxury home. the land cost at 400k is too much as a percentage of the after built value too. we try to underwrite 10% and normally try to buy land that has 5x multiple through zoning or entitlement for additional upside.

Thanks for the additional info @Jerry V.

I'm looking to expand in the Ohio area, but would like to get a little more insight on the demographics from local investors.C

Read below for my remaining notes from the Single Family Rental Forum (East) that are specific to build-for-rent!

NOTES
Build-for-rent is the only game in town. Nationwide 45,000 current BFR in pipeline. There wer...

Additionally, once your tenants move into the rental, you will ask them to sign up for their own electricity plan.

He bought the home with no money down, Home town Heros program and creative finance, then we developed the property by improving it with electrical upgrade additional meters and more bedrooms.

In addition, you do not need to report the sale of the business or rental part on Form 4797.

However, we do not want the tenant to pay for the electricity that we use.I contacted Edison and the County to see if we could install an additional electric pole to have a separate meter, but they said it is not allowed to have more than one pole for our property.I found a sub-meter on Amazon, and I wonder if it is allowed to install one on the electric pole, so our tenant can see how much energy we have used.