I'd really prefer to just adopt something that another PM has already used and found success with, or use it at least as a framework that we adapt from.Appreciate any feedback that you think might be helpful.

Hope this helps you decide. 

Hope this helps!

Helps!

Let me know if I can be of any help as you start this journey.

thank you for all the helpful information!

I’ve been involved in the investing side and now taking the next step to grow my knowledge, expand my network, and help others do the same.Looking forward to connecting, learning, and sharing insights along the way.Drop a comment and let’s connect!

Otherwise, it’s treated as a partnership requiring Form 1065.Get an EIN (Employer Identification Number) from the IRS (free) for tax and banking purposes.Separate personal and business finances by opening an LLC bank account and keeping rental income/expenses distinct.Consider an operating agreement, even if not required by state law, to define ownership and responsibilities.Liability protection: An LLC helps shield personal assets, but you may still need landlord insurance and an umbrella policy to cover lawsuits and unexpected claims.Tax strategy: Rental income typically passes through to your personal return (Schedule E).

Real estate investment groups can be helpful.

Lenders, Investors, Hard Money, Partners will focus on experience and risk, so bringing value by finding great deals or managing renovations, can help you break in.Keep refining your approach and connecting with the right people!