Despite no additional renovations being necessary, our efficient strategy and swift turnaround led to a same-day sale at $225,000.

Additionally, add in the ambiguity/risk of the due on sale clause or ramifications on the conventional loan of transferring the property from your individual name to an LLC - the economics don't make sense, and the headache isn't worth it even if it did, in my opinion!

Regarding insurance adding additional umbrella insurance is great idea. 

Oh, AND I get to add some new additional handcuffs to the mix.Zero sense, it makes absolutely zero sense. 

@Shmou N.ShmouYou can collect Rent and all other fees; Utilities, parking, or any other fee needed.We don't currently have a notification of the deposit but I will add it to our develoemt roadmap and you will see it in an update.

This plan also offers many integrations (at an additional cost) depending on what your needs may be.

@Ryan VienneauAre they able to set-up your credit cards as additional "accounts payable"?    

In addition, due to them being eligible for conventional non-commercial financing they typically have lower cap rate than 5 units and more.  

Additionally, I'm hearing at meetups that this could extend to multi-fam under 4 units as well, although I haven't been able to confirm.I work exclusively with smaller investors in the multi family space and would be happy to chat more about it.

Quote from @Lisa Albright: Hi All,Newbie here, just a quick question we are building an addition on our second home, we have a primary residence, and two rental properties.