For payments, tools like Stripe, PayPal, or booking software like OwnerRez work well.Happy to connect if you’d like to chat more or need additional tips!

I’m involved in a private LLC that owns land in which we are asked to provide additional $ for property taxes every year.  

These are professionals with additional training and a stricter code of ethics.

Many insurance companies do not allow adding a landlord as additional insured.  

The 50% is rather deep a cut, especially with all the additional operational expenses not included into that 50%.

Might be an additional cost there.If units are updated, capex items look good, leases and tenants look solid, and there are no other regular expenses besides the 5200 in insurance/property taxes then I like this deal.  

The PMS around here are pretty terrible, I've worked with a lot of the larger ones in Cleveland and I think they just take on more properties than they can effectively handle and don't hire enough additional employees to make it work. 

Hey Tim, If you are not using Hospitable yet that would be my first addition.

The plan is to use the heloc to purchase additional properties, and basically brrrr and pay back the balance - then repeat.What I didn't realize is how difficult it is to find a business heloc.  

This initial negative equity position consumes the initial cash flow.  2) the addition of the adu makes the property multi family and likely makes rent control apply.