To manage these rises, you can adopt a few key strategies to control expenses and maintain profitability:Accurate Budgeting and Contingency Planning: Start by creating a detailed budget, accounting for current labor and material prices.

You probably have heard to join the local REIG as what you will find from the courses advertised everywhere anymore is that they offer general information that in many cases does not fit your market or state requirements. 

We got the land to build this by subdividing it off other rental properties we own.

As long as they're caught up by the end of the month then they're good. 

@Thomas TrotterIf you want to network or ask specific questions about your local market, go to your local real estate forum and connect with investors from your area: https://www.biggerpockets.com/forums/86-local-real-estate-networkingYou can meet local investors by registering to attend real estate events in your area: https://www.biggerpockets.com/forums/521-events-and-happenin..Good luck .

If you are going to take on the extra work required by an LLC, make sure you have a valid reason to do so.An LLC is useful for two things: anonymity and legal protection.

For us it varies by property - smaller more urban units can be 80,90% Airbnb whereas larger beach houses can be as low as 30% Airbnb but company wide on 65 or so doors last I checked was 40% Airbnb, 30% VRBO, 30% Other (Direct, Marriott, Google, Booking.com, Jetblue/Allegiant Airlines, others).

Or, if they sue both the LLC the property is held in, and the parent LLC, would it open up exposure to other LLC's owned by the parent LLC (i.e. other property holding LLC that I have?).

By the time people know the exact amount of the assessment the opportunity is gone.

Sometimes I wish we could charge by the hour lol.