Hey guys I wanted to hear some opinions on whether I should consider putting my properties into an LLC, or numerous LLCs?

@Michael HansenWe've helped many investors just like yourself build a successful rental portfolio across numerous cash flow markets.

You have all the risk and all the rewards.  

They have had numerous guest violation where someone was living with them not on the lease for months at a time, plus numerous parking violations and their kids/guests doing prohibited things in common areas.

When you own or have bought numerous investment properties you soon realize that you need to look at the foundation, roof and A/C heater most everything else is not significant to worry about.  

It does sound like you have some settling or moving, but this might be due to numerous things. 

@Louis ZamerykaWe've helped many investors just like yourself build a successful rental portfolio across numerous cash flow markets.

16 x $150 x 12 x .6 = $17,280 divided by $325,000 = 5.3% cap rate.To make this deal work you would need to be able to push the rents up substantially (like $100 or more over 3 years) and to fill the 5 vacant lots with cheap used homes.If you model the maximum value this park would then have under that scenario: 21 x $250 x 12 x .6 = 37,800 divided by an 8.5% cap rate (the lowest you'll probably get ever) = $444,705.Using a standard risk/reward metric, that means that you can't possibly pay $325,000 for something that would only be worth on its best day ever $444,705 several years into the future.

My question is, if I were to pull together several residential properties into a portfolio could they be treated by a lender as a commercial property where I'm better rewarded for decreasing expenses and increasing revenue?

Working with friends and family can be very rewarding but the more clear the expectations are from the start, the better chance you have of not stressing or losing a relationship over this deal. im interested to hear other responses to this bc it's a great question. good luck with your deal and future partnership.