@Ronald Cooperman with that many units, your life will change DRAMATICALLY if you get off Excel and onto a proper management software suite.

Take ownership of your mistake and learn to do the proper due diligence recommended above😊

I attempted to do a cash out refi into my LLC, and was told all i needed was to add my mother as a minority member to my LLC to properly transfer the deed.   

Now we’re buying a second property to use as an STR, and I’m afraid we’re going to have a huge mess at tax time if we don’t get proper guidance.

Short Term Rentals are great but it takes a significant amount of upfront work and cost to execute them properly. 

Take ownership of your mistake and learn to do the proper due diligence recommended above😊

Make sure the “guts” of the toilets are working properly.

The one set of tenants did not even bat an eye (had not had a rent increase in 7+ years prior), and the other set appreciated it and moved out about 2 months after the rent increase (with proper notice). 

HOWEVER, if you already knew about a pre-existing roach issue and maybe failed to disclose it to them properly/didn't set correct expectations when they moved in, then it's on you. 

Proper transparent accounting is essential to any partnership, including when partnership is family.