I've attached one link.From a lender's perspective, it's much more of a pain to do the parent and then children LLC's because we need the entity documents for all of themmost lenders require the LLC to be specific to their transactionyou'll need to keep the funds separated and many times, the LLC doesn't have the assets for reservesthe filing fees for each entity can become onerous and if the property is in a different state, you'll need to provide the foreign entity registration as well as the certificate of good standing in each state   Instead of setting up all of these different LLC's etc..., until you get to a point where you can no longer use Fannie Mae and Freddie Mac financing, get a good umbrella liability policy so you can enjoy the more favorable financing.https://www.biggerpockets.com/renewsblog/the-tradi...

My experience is that the book is great for inspiration.  

Cody Brinkman - REALTOR® (He inspired me to get my license and am now a part of his team!)

Thanks for the inspiration!

I know that logically, I should just let the lease end, and find a tenant that I get to pick myself...but, I also know tenant and her 3 children were previously at a homeless shelter, and likely have no where to go. 

It’s purpose is to inspire and build the popular idea of STRs while leaving out a lot of the financial realities.

i have searched all over google for pictures and pinterst for inspiration.... i am at a loss. 

As far as 1 & 2 go my wife is pregnant and we have almost 3 children and I am not wanting to put that type of stress on my wife with a move.

Unrelated occupants are different. if you do some research at the fort Collins you plus two policy, it was developed because multiple unrelated people would rent homes in a residential area and it cause problems. for example a 3-bedroom 2-bath home would normally be occupied by a family of 6 people: two adults and four children.

Congrats @Michael Ohman that's very inspiring.