Tax benefits with or without an LLC are effectively the same.The best protection starts with 1) ensuring your property is in good condition 2) following the law 3) having good insurance, possibly including an umbrella.  

Hi BP community,I've been passively learning as much as I can about real estate investing while I save my money up. By passively learning I mean I am reading books and being active on the BP community page. As I get m...

This strategy, if combo with REPS (real estate profession status) basically checkbox on your taxes is key to canceling out full-time W2 employment.If this is new to you... 

Our strategy is to buy and hold.

We only invest out of state/province as our market is not good for buy and hold strategy.

Also with the right insurance you can take guests off Airbnb if they'd like to extend their stay or come back in the future. 

This type of financing will typically look very different and more like a traditional commercial real estate loan.That means a DSCR calculated based on a full NOI and expense load (so inclusive of vacancy loss estimates, credit loss estimates, repairs and maintenance, utilities, management fees and more – in addition to the property taxes and insurance expense that are the only expenses factored in on traditional residential style DSCR loan financing).Additionally, the DSCR minimums are generally going to be higher (typically up to 1.25x), the loan to value ratios lower (higher down payments) and underwrite more sophisticated (which makes sense considering the size and scope of the property).Many multifamily investors for properties of this size (such as more than 11 units) can syndicate capital and have more sophisticated financial and entity structures – its definitely a different world once you get up here in unit count.In Conclusion – when you are looking to invest in multifamily real estate and finance your investment – make sure you have the unit count in mind before you start shopping – the unit range can have a huge effect on your options.

HAZARD AND FLOOD INSURANCE QUOTES/BINDERS: They will need to make sure the property is insured.

If there is a fire and you haven't set up your insurance properly you could be in for a big surprise and not receive a payout.6.

which insurance company?