If it is an outside liability claim (like someone suing you because your son killed someone with your car in a crash), if the LLC is set up in a proper jurisdiction with charging order as sole remedy (or your LLC is owned by a holding LLC in such jurisdiction), then the plaintiff would not be able to reach into the LLC asset.You can combine both by having the property owned by a land trust where the beneficial owner is an LLC.Using asset protection structures can be very efficient in protecting your assets from catastrophic lawsuit by limiting the risk to only part of it.

I also believe you would find it beneficial to verify an applicant's previous rental history with previous landlords as well to get a hint into what they would be like as a tenant for you.Good luck!

You may consider using minimal equity from the existing home to finance the same scenario that worked well for you on this one, get in early on a choice lot to a $350k new build sfh community.

You chose to manage on your own to save 10% a year which sounds like a smart choice...until feces hits the rotating oscillator.

I am just starting out as a rental property investor and I was curious if anyone feels it’s beneficial and a necessity to join the Real Estate Investor’s Association in the area that you are looking to buy?

Based on what I read and the way I understand it, the new cleaning protocol and buffer time will be an "opt-in" choice for hosts, where they get "preferential treatment" by Airbnb if they do so, but not a mandatory situation.

Agent would be the best first choice as it's their profession and they'll be able to screen those people for you.

Depending on the LLC structure, you could be DIRECTLY the beneficial owner or indirectly. 

I'm a fan of the tax abatement procedure so long as it's mutually beneficial to both sides of the table and that appears to be the case here!

Are there any restrictions such as condition of home, sales price etc.It seems it could be beneficial to both parties if this is an option.My only reason to not do this if it is an option is because the money wouldn't be liquid so i could purchase another property which is the main point of selling.