Then I’d worry about liability if a tenant didn’t get along with another.

Buying multi family and want LLC liability protection long term.

Be careful about your liability here.

@Joe VilleneuveIn my experiences with Ga assessed values, you can appeal based on market values or conditions, and have your tax liability decreased.

Hello all, So we have a few sfh rental properties and have kept them in our personal names and carried extra liability (umbrella) insurance for protection.

Liability Insurance, workman's comp, advertising, shop, truck repairs/fuel, tool expenses, employee benefits etc.. then figure out how many productive hours a week your company can actually work and divide the two to figure out just how much an hour you'd need to generate just to stay in business then try and figure out profits from there. #3 is just a poor practice in general.

I feel like there’s an easier way and while I’m here at what point should I create a new LLC (how many properties) to limit my liability?

For those landlords requiring renters to carry renters liability insurance, I am curious what you require in roommate situations (unrelated occupants on a joint lease). 

@Timothy Albright It may be splitting hairs, but you're not truly "investing" in the trailers...they are personal property with the equivalent of a car title...a depreciating liability...no improvement to the land.

Your PITI would be around 2600, based on 4% interest rate.If your rents are 3400 a month, the numbers work as follows:Income:  40,000PITI:        31,200Cashflow:  8,800Tax liabilityIncome:   40,000Interest:  17,472Prop Tax: 6,800Insurance: 1000 Depreciation:  14,500Tax Deductions:  39,772Net Tax Liability:  $228.00So, you can basically put $8,800 in  your pocket every year and pay no tax on it.