It's truly like having multiple LLCs formed but without the administration tasks and fees that come with having multiple individual LLCs.

So happy to connect with likeminded individuals as we learn & grow together.

I wonder if it was because it was under an individual and not a business.

Also, we can be relatively sure that they won't overstay without permission, as we tend to be fully rented for a year or more out, sequentially to 3-4 separate individuals.

Walker,Since you would be renting the building to a Business (or Non-Profit) as apposed to individual renters I would check with your agent to make sure the current coverage will allow that use.  

Being surrounded by like minded individuals, whom are at all levels of their RE journey, is amazing and you can learn so much from all of them.I am on the lending side of things and would be happy to hop on a call with you anytime to discuss financial strategies and help answer any questions you may have about nearly any loan product available to help you on your journey, even if they are not products my capital partners offer.We are all here to help you learn and grow.

Quote from @Catherine Sanchez: Do Not Call Rule #10: https://www.ftc.gov/business-guidance/resources/qa-telemarke...If the individual contacts you first, they have established a business relationship.

.: I'm not aware of any requirement for this.I do provide an application because it has a lot of information necessary for tracking the individual: social security number, driver license number, previous addresses, etc.When you take over an existing renter, I recommend you figure out how to get the entire file from the former manager/landlord.

Do each one own separate property individually?

Fellow Community: I am excited to join this platform and learn from like-minded individuals about the real estate space, especially STR, MTR, and long term including section 8.