Some people have put all their properties under 1 LLC, and some people create multiple LLC's to decrease the risk of anything happening to all properties together, versus just a few. 

The goal is to increase the first and/or decrease the second. 

Per SEC we would not see rate decrease this year but 2024 is set.

What's unfortunate for renters is that in typical bureaucratic fashion, these laws are already having the complete opposite effect as intended, 1) rental inventory is now decreasing because the largest operators are preferring to leave rent-controlled units in NYC vacant in hopes the laws change 2) app qualification criteria has gotten WAY stricter, so application approval rates have dropped, 3) days vacant has increased despite inventory being low because PM's and landlords would rather leave the unit vacant a few more weeks in hopes of finding a better-qualified renter, whereas in the past we would just collect a double deposit to approve a borderline applicant and be on our way.  

Over time rents will increase and principal will decrease.

You should also not expect to be able to decrease your interest rate or insurance much, if at all, any time soon.

That is when my monthly cashflow (profit) decreased by about 40% when I was paying the property management company 8% to1 10%.

I feel like you aren’t recognizing the incredibly decreased demand for real estate right now (due to high rates) - granted along with decreased supply.  

This has kept inventory much lower than it otherwise would have been given the fairly rapid decrease in buyer demand last year.As a result, many buyers are turning to new construction (WSJ article) both as a source of available inventory and for incentive packages, which often include reduced interest rates.

It is a great steppingstone, and can be used to decrease your cost of living.