I read about WY LLC and DST, but not sure if these complex structure fits my current situation, so want to get some advices from here.I also want to make sure I have good insurance, what should I look out for in my insurance policy to make sure they cover the common liability / accident claims?

Insurance companies have many exclusions and they may not cover everything, but they can help to pay for some of the costs of a lawsuit.Good:Using one LLC for all of your rental properties.

It provides a suite of tools that cater to the unique needs of real estate investorsThere's a few highlights of using the platform:- Real Estate Specific Features: Baselane offers tools tailored to real estate investments, such as tracking rental income, managing expenses, and organizing property-related documents.- Automated Accounting: The software can automate many accounting processes, such as categorizing transactions and reconciling accounts. - Bank Integration: Baselane typically provides seamless integration with various banking institutions, allowing for real-time transaction updates and financial oversight.

Rental income and related expenses for both the single-family home and your share in the RV park also go on Schedule E, allowing you to offset rental income with expenses such as repairs, maintenance, and property management fees.The intricacies of owner financing versus traditional lending primarily affect the loan's terms rather than its tax implications.

We don't need the cash flow, but it would be nice for building a reserve for repairs, covering expenses in slow months, etc. or for our next STR purchase!

In the midterm space most guests do not want to put utilities in their name for relatively short stays, particularly if the utility requires a credit check or substantial deposit so if you don't offer paid utilities it will cut down on your pool of potential renters.

I'm currently living in Kansas City, Missouri and work as a licensed health Insurance Agent by day and as a Realtor.

This gives you legal cover if something happens, but the risk of something happening still remains.I haven't replaced receptacles with GFCIs except where required by code.I always do #1 at about $27/receptacle hired out.

Looking to refi based on the value after rehab based on rental income/cashflow (expecting it to be around $200-210k value) Aiming for $150k loan for paying off current mortgage and covering remodel/rehab costs on my propertyIs this doable without a significant down payment?

way too cheap It is a relative to the market!