However, I learned from all the mistakes I made in the process, and eventually got them all corrected and up to their requirements -- and I was off to the races.City has some cheatsheets available on a number of various requirements that are most-commonly failed by folks submitting their plans, things like hazardous glazing, spacing for certain bathroom fixtures, escape windows, etc.

I was told I made a mistake by creating an LLC and was told I should have put my properties in a land trust.

I think, unfortunately, your friend made some very critical mistakes that are going to cost him time and money.Here's what I see as the steps to unraveling these egregious errors:(1) Hire an attorney whom specializes in landlord/tenant law(2) Wait for the eviction moratorium in NYS to end (patience will be required here, as we're at 16 months and counting)(3) Under your attorney's advice, carry out an action against this freeloading occupant as a "licensee"  (I think it's called section 425?

ALWAYS hope for the best but plan for the worst. 

Because of this treatment in the CARES act, the multifamily industry weathered the worst of the pandemic.History tells us that during recessions, multifamily housing production contracts moderately, rent declines are short lived, and vacancies only increase briefly and by modest amounts.

Any advice or mistakes I should try to avoid, let me know.

Hello everyone,I am finally ready to invest in a rental property and my goal is to get one property by the end of the year.Anyways, I need to setup a California LLC (I have a business and assets I want to protect) and am wondering is there anything “special” / different I need to do when setting it up for real estate investing….I just want to make sure I don’t make any mistakes with the setup…I have 2 LLCs now, but both are for e-commerce.Thank you!  

The deal needs to work with your worst case scenario exit strategy.

If you mean "pick one strategy" and go with it, that would be one of the worst mistakes you could make. 

He will rightfully feel that he could possibly be inheriting other people's mistakes.