The paid off one would cash flow enough to carry the others. ie, look at the whole pile of properties as a whole rather than needing every individual property to cash flow.

Since housing is fairly affordable in this area, individuals can find their own place without a shared space at a similiar price.

@Jacob Sampson as I understand umbrella is another layer on top of GL, though I don't have a GL, just looking for an umbrella as an individual who owns multiple rentals.

Just as many pro-STR proponents attended the legislative hearings as anti-STR folks, so it's a big industry here that individual homeowners are trying to protect.Happy to talk more about all this and answer any questions.Melanie

@Eamonn McElroy So, assuming her private lender is an individual, wouldn’t you agree that the instructions for the 1099-INT form states that “You are not required to file Form 1099-INT for interest on an obligation issued by an individual”?

I would need the test performed on an individual lot.

Stock and notes interest would most likely be considered passive income so you should be able to offset them.Always consult your CPA because there are so many rules that may be true for one individual doesn't apply to another.

Finding individual tenants to fill each bedroom seems like a lot of work- May have partiesWhat do you think?

@Tyler ScottIt would seem that if someone acts as a wholesaler individually, he will probably fall under the radar of the state real estate commission.

I recommend setting up keyword alerts for each area as they are discussed in the forums daily with advertisements posted in the BiggerPockets marketplace hourly.One thing to note when looking at the individual markets, you can make or lose money in any market.