What is the benefit of this shared LLC?

Five bedroom, three baths, and yes the comps support this.

Details2,819 SF, single family residence, 4 bedroom, 3 bath house, with a poolThe house is in a very desirable location.Market Value - $950,000Mortgage Balance - $226,137 (10 years left)Martgage Payment - $2,250/moInterest Rate – 3.5% Average Rental comps - $4,430/mo (looking at the comps I think it is above average)It certainly looks like it would cash flow, but that leaves buying a new house with a small downpayment and high interest rate.

This is due to the  increase in mortgage rates and house prices.Pros/cons as I see it:Pros: two appreciating assets versus one; as rents rise, we’ll make more net income.cons: less cash flow, double capex, double maintenance.Anyone mind letting me know your thoughts?

Reality check:  how many homeowners are going to sell you their house at such a substantial discount? 

Keeping your financial house in order at all times will take the pressure off of the money part.

While the intent behind AB 968 is clear—adding transparency around recent repairs and renovations—this bill may not accomplish its aim in the ways its proponents hope.

You're not going to convince an insurance carrier to change their mind; that's going to be a waste of time.

I currently have a 30 yr fixed at 2.5%.

I'm wondering where a good place to start to create this new lease, any help would be greatly appreciated!