Therefore, if you choose to sell the subsequent property later on, you will ultimately be responsible for paying the taxes.I would retain ownership of the property, continuing to generate rental income, while leveraging a second position loan to acquire additional investment properties.

This model also suggests we have nothing left in reserves, which in never a good idea when you are starting out.

If you have any suggestions, I would be grateful if you could let me know!

I am not in your market so I will not be able to provide any contractor names, however, I do have a couple suggestions.

We then have an umbrella policy for additional coverage and I add damage protection to all of my reservations for additional coverage. 

Additionally, crowdfunding offers diversification benefits, allowing investors to spread their risk across multiple properties or projects.

Could someone suggest a value for the MMHP?

Having been in the Navy and to some places where hygiene and food safety is more of a suggestion than a rule, I think it's something of a cultural thing.

I would suggest considering a househack for your next deal as it can accelerate your investing career and not require 20% down like an investment property. 

Troy,In addition to what Melanie listed I would add, you need to find out about the local, state, or federal guidelines (if any) that impact the setup of the property.