View report*This link comes directly from our calculators, based on information input by the member who posted.I am brand new to multifamily property purchase/rentals & need help analyzing this deal.

LLCs that are thinly capitalized are more likely to be viewed as “shells,” thereby losing their capacity to shield the members from liability.or fails to maintain a separate identity from its owners ( using the business bank account for business purchases, maintaining separate books)Conversion of entities Assets for Personal Benefit:Another factor that poses a risk of piercing the corporate veil is the draining of entities assets (such as payments of large salaries to shareholder-employees) that leaves the entity with inadequate resources to pay its debts.Do not commingle personal and LLC assets.Maintain a separate LLC bank account.Execute an operating agreement.Follow the provisions of an operating agreement.Have LLC member meetings according to the operating agreement.Title property in the name of the LLC.Maintain insurance on LLC property in the LLC's name.Sign all LLC documents in the LLC's name, not the members' names.b.

View reportHello all, I am new to the Chicago market and just started analyzing deals near downtown (the loop).

I am an I.T guy.From that point of view...I would run a speed test from the areas that she complains have low connectivity.You could monitor channel traffic, and select a less used wifi channel.Another option would be to run a cable through the wall and create a wall jack for her tv.None are hugely expensive, I wouldn't happily pay for them as the property owner, but of it keeps the otherwise good tenant happy...eh.If you anticipate renting to more college students in the future, the wall jack may be a selling point for them.

I have read many blog posts and a few RE books describing the process for narrowing down your target market starting from the 30k foot view and narrowing down to metro then city then neighborhood.

You won't get the answers to all the questions you have.I would prefer number one every time but your question was about property managers I would ask.How do they screen tenants?

In the upper-right hand corner of your screen, there should be a magnifying glass icon.

View reportIs this a deal worth going after for house hacking?

I would puruse those and if there were at least 3 we were interested in seeing, we scheduled a time to view them. 

Feel free to shoot over a block number/address and I can give maybe give you some more input on it from a resident/new investor point of view.