Set up keyword alerts to be notified of the topics that interest you: http://www.biggerpockets.com/alertsBest of luck here at BP Nation.

You can either A) Set your liability limits on your rental home's policy to at least $1 million or B) Search around for an umbrella policy that adds $1 million in liability coverage to both of your properties.$1 million in liability is what I recommend to have, but you can certainly go higher (or lower). 

At this stage, I don't think I need to set up an LLC, but I see a lot of people recommending getting an umbrella policy.

I'm looking to use Notion to set up an organized way of inputting data when analyzing a deal.

This year I have set a goal to acquire 12 new communities.Currently, we have 8 communities but last year we acquired 4 new communities.A lot of my time is shifting from day-to-day operations to acquisition of new parks.The ways I am going to find these communities are:1.

What might be a good idea is to set it up with your own little 'HOA'.

They also aren't liable for theft within the home, although they certainly should be securing it when vacant.I think you may need to have an expectation setting conversation with your PMC to get on the same page.

Continuously monitor and adjust your strategy: Keep track of your expenses, rental income, and overall investment performance to make informed decisions and optimize your house hacking strategy over time.

You must individually own a set percent of the new purchase equal or greater than your selling property in the same tax paying name as when you sold.

Heloc are also usually set up on a shorter term like a 15 or 20 year versus a 30 year mortgage.Mortgage will have No prepay and some Helocs carry a 1, 2, 3 year prepayment penalty.