Then you’ll hire a general contractor who will sort out permits and oversee the construction, which includes a bunch of inspections like framing, electrical, and plumbing.

Insurance companies have many exclusions and they may not cover everything, but they can help to pay for some of the costs of a lawsuit.Good:Using one LLC for all of your rental properties.

If so, take photos of the place before you clean it and send a bill to the last known address including any cleaning costs and unpaid rent. 

Buying a 4+ bedrooms with a bonus room or flex rooms they’re able to charge from $650 to $750 per room including utilities.

Look into setting an S-corp to potentially reduce self-employment taxes and Section 199A qualified business income deduction

I'm live in Old bridge, NJ and due to high property taxes in New Jersey, PA seems like the best state to invest in(Tavel time ) I'm trying to identify rental markets and research, while trying to establish a team.I've done some research and came up with a few areas in PA include Allentown, Lehigh Valley, Bethlehem, Scranton, reading and Kutztown I'm hopping to cash flow between $100-200 per unit is possible (with property management), and can reasonably expect some appreciation in the next 10-20 years (2-4% per year would be ideal, though achieving positive cashflow on my first purchase is my #1 focus).

Its only a few numbers.I self manage my rentals and I've just used my phone and jotted their numbers down on my spreadsheet corresponding to the property. 

My longevity play is-Build Lean muscle-Fasting-Cold therapy-eat more greensim huge on self development. 

But now he is staying so we decided to play the cat card, and told him that per his lease pets not allowed and if he would like to keep it we will need to amend his lease to include additional $100 pet rent plus collect additional security deposit.

Tax benefits with or without an LLC are effectively the same.The best protection starts with 1) ensuring your property is in good condition 2) following the law 3) having good insurance, possibly including an umbrella.