Hey Account Closed, congrats on snagging what could be an extremely powerful meeting and the source of many great connections to come!

So yes, if you use a PM, 50% could be your avg annual expenses.Mine run about 25% on single-fams, 38% on multis where I pay w/s/g. 

I would double check with your accountant on that though as you don't want a nasty surprise down the road (and you know what they say about assumptions).As far as Providence & the East Side, I attended a neighborhood meeting a few weeks ago with some people from the neighborhood and some folks from the Providence Building Department.It does sound like they are leaning in favor of some additional regulations for AirBnBs in Providence, which may involve needing to get a special permit.

Bank account?

Essentially you are trying to remove their will to sue you, and any attorney who knows what they are looking at will realize this entity is going to take lots of time and money to even try and breach, not to mention actually getting a settlement or judgment out of.Beyond that you need to account for corporate management and having some solid bookkeeping to ensure the different "child" series don't commingle their funds.Can people do this themselves?

Even if the rent covers the carrying costs he could still get crushed taking into account vacancy and future capital improvements/special assessments.

Having said that, I have 3 families that are insured around the 3k annual premium mark, and others that are $1500-$1800.

I haven't heard much but I do know it's supposed to track your cash levels in your bank accounts to see how much liquidity you have. 

These tools not only allow for greater tracking performance and accountability, but they lend themselves nicely to sharing with our landlords delivering an unprecedented level of transparency. 

In rent control areas you must automatically apply annual rent increases to the maximum limit allowed and you can not have tenants stay longer than 2-3 years max.