Hate to commit to a short term lease..... turnover is a PITA....but if the $$ is worth it, I may consider it...PRORent is paid by insurance company, not individual....more reliabke I would hopeHigher rent and deposit....not sure how much yetCONGuaranteed turnover in 6 months or so..I'm in CA, so doing placement in Dec isn't a huge deal but not the best timeTurnover cost $$...so it may not pencil out as a big $$ gainScreening...... guess I still do the background, but the other criteria is really on the insurance CoSomeone that knows they are short term in the unit are less likely to take care of itInsurance companies can be a PITA to deal with.....

If so, I don't see what would stop you from moving into MFRs or apartments.Once you have a seasoned apartment, you don't need to worry about your personal tax return as much as my understanding is that commercial lenders will primarily care about the deal itself (particularly on a refi).

The jeweler wants high income, the day care center wants families with children, the RE Investor wants homeowners likely to sell and homes within specific price ranges.You also have to get the post cards delivered to the post office that does the delivery.

It can be done, but I'd suggest remembering to constantly assume that you are the ONLY person you are speaking with that actually cares either way if it goes through or not. 

@Ryan Moore in general banks that are accustom to working with investors won't care if the LLC is on the deed. 

These agreements must be entered into carefully and with the help of an attorney who does them regularly.

Keep posting and ask a bunch of questions.take care,Johnny

I'm not an attorney but my understanding is yes, you can definitely do that, and I believe things like that happen every day.While I can see some possibilities for why someone would want to set things up that way, I do have the instinctual thought that it might be over complicating things.Technically the second LLC is another layer of asset protection, and maybe you have a very specific entity structure setup for taxes which would make it beneficial to do it that way (an LLC inside an LLC), but it's worth asking the question of whether these is much difference, or much more protection, than just having you (presumably a Mass. resident) be the member of the RI partnership LLC straight-out rather than having your MA LLC be the member.Also, depending on what else you have going on in your MA LLC it may be a disadvantage to have it be a member of the RI LLC from an asset protection perspective - if someone were to be able to pierce the veil of the RI LLC then everything in your MA LLC would be at risk.If you do go with the MA LLC as a member of the RI LLC, when you go to sell the property you'll have non-resident withholding - but you'd have that if you personally were the member of the RI LLC as well.You'll also need to be careful how you sign anything relating to the RI LLC - you'd have to be careful not to sign as member of the RI LLC but as member of your MA LLC, member of the RI LLC.

There were some minor cosmetic things that needed to be taken care of in the empty unit and a couple of the windows outside needed to be properly capped but we could tell that all of the major things were fairly new.

It has a management company that takes care of everything.