For LLCs that are required to file and don't -> IRS failure to file/late filing penalties are $70 per member per month.

My brother and I are closing on a home under COA jurisdiction that will require permitting.

Do you any documents and requirements for new clients? 

It will require getting higher coverages on your properties but the cost difference won't be significant. 

I've owned and lived at the property since 2021 so I meet those requirements.

I second Bjorn’s comments, but also urge you to learn about your local leasing requirements.

-Credit Requirements: Ask about their credit requirements to see if you're a match.

We are required to maintain a household at home while traveling and on assignment.  

Quote from @Mohammad Arif: Hello folks, new to this forum and to Real estate investment, looking to invest passively, both for long and short term, what would you guys recommend, what are your thoughts on real estate syndicates and who do you recommend, thank youI'm familiar with Gatsby Investments and have only good things to say about the company but everyone is different, so you have to see if it would work for you, your investment style, risk tolerance, etc.I believe, all of their available syndication offerings are limited to /around the area where they are physically located (Los Angeles, CA).

Apparently he paid them or required them to come on here and say things like that he's a go-giver and provides way more value then we'll ever know and stuff like that.