With the auction, the government gets paid first (back property taxes etc), then lien holders are paid in order.

Keeping them separate is for better bookkeeping, managing the numbers, and when you sell or refinance.The disadvantage is that it will cost you more to have separate LLCs, and it may be more of your time to track.But if the goal is to buy more properties, build the foundation correctly.

In New Hampshire, where I am, we run into the same situations with older converted SFH to 2,3,and4 unit buildings.

My client owns 3 SFRs and a commercial building for their business (in an LLC, used by the business but with personal guarantee).

If you are full time investing or as an agent you theoretically have an edge to be able to do more of this relationship building while folks doing it "part time" would have less availability.

Thank you for responding, i have my house, but with everything getting so expensive taxes and insurance among other things i would like to ad an addition like a studio.

Definitely that was money making time in terms of operations and appreciation as well.Things have changed now, there is so many STRs now that people are renting for 100-150 USD a night which is like a motel price.Now it may make sense from the perspective of, if Poconos is where you travel a lot with family or you are buying full cash to park the money, or tax strategy or various other personal reasons could be there where it might make sense to invest there.But coming in from the perspective of an investor who are new or have little experience and are trying to build wealth from not too heavy asset portfolio.

I'm trying to figure out how to use opportunity zones to defer and minimize the tax impact.

We've closed deals on three single-family homes, a 12-unit apartment building, and two 3-unit multi-family properties in prime Philly spots like 19147, 19148, 19123, and 19134.

Moving forward, save religiously, build your credit, and limit unnecessary debt.