You will get killed on the C and D properties which are usually the majority of most properties handled by a metro PM company. 

This property also launched my short-term rental journey, running our first Airbnb before transitioning it to a steady cash-flowing rental, allowing us to scale into bigger projects.

Then why aren’t you using a property manager?

@Derick JenningsRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

One way that I was able to get into my first property was counting 70% of the rental income of the other unit on a duplex.

The only two ways to rectify this are (1) purchase the property far below market price or (2) significantly increase the property net income usually through some method of “repositioning”. 

Could it be considered piercing the corporate veil if the mortgage for the property is in your personal name but the deed is in the name of the LLC? 

Where are you looking to acquire your next property? 

My partner is a builder in the LA area, so if anyone is interested in taking advantage of SB-9 to build additional units on their property, feel free to reach out anytimeSounds great, Alan!

I personally would put my properties in a LLC.