Front two units are full time STRs with a rear studio operating full time MTR. 

It will also allow you to focus more of your time and resources in the actual real estate vs. raising capital which usually leads to poor real estate acquisition and operational decisions because raising capital is your full time job leaving an inadequate amount of time for the real estate.

If you plan to expand your portfolio, forming an LLC can simplify liability protection and operations for multiple properties.Consult a CPA or legal professional to confirm your tax obligations and evaluate whether an LLC or umbrella insurance aligns best with your investment goals and risk tolerance.This post does not create a CPA-Client relationship.

Expect to spend another ~$8K for that.If you are planning to close all-cash and bring enough cash with you for operating expenses and rehab, you are looking at a minimum capital raise of about $3M and that is for a cheap 32 unit.

As a sole operator, you have all the policies and procedures in your head and can apply them to many properties without referring to a binder.

I’m currently operating in South Georgia market. 

I have over 30 years experience in operating office buildings in NJ and would be will to run the operating arm of these investments for a % of the deals.

It only takes a few minutes to comply, and this way, you don’t have to worry about any decision they finalize on later.

They're a credible operator.

What would one of you suggest for a medium term operator whose tenants may be over using a specific utility like gas or electric.