I have the details in place, but need to make sure I fit within regulatory and accounting laws.

It will help a lot if you understand accounting and how the statements are actually generated.

Now you repeat that process until it's paid off.Disadvantages:It took a while for me to set up.Bank account is always low, lol.People can spend a lot with that amount of credit.People think I'm weird when I tell them DId you analyze what would happen if you moved all of that money you were using to pay off a heloc, not get a heloc and put that money in a treasury or other type of account that got you 6% interest or invest in an ETF or something lower risk?

And 1/2 of that is accounting that I could farm out too, but I enjoy it. 

Is your place also a studio like hotel room?

It's important to consult with an attorney or an accountant to determine whether an LLC is the right choice for your specific situation.You can reach out to me and my team who can guide you through the process and help you navigate any challenges that may arise.

They don’t charge anything for these extra accounts, my tenants pay directly into those accounts.

The rest just falls in place over time. 

But ask your CPA/accountant because I don’t know. 

Let's connect soon.We just went pending on our next place in McMinnville.