I agree with @Erin Spradlin - I think if you can confirm/convince potential tenants that there is plenty of on street parking it is not an issue, but if it is in a busy neighborhood where finding parking could be difficult I think adding the parking area would help a lot.

Hey Team,  So as the title states, I am late to the game as I just turned 52. 

Title co will handle all Get to your local RE meeting, you will learn more in an our then 6 months reading and sitting on the internet. 

Of course, if you have low risk tolerance then this is the wrong business to be in anyways.... :-)

In my almost 30 years in tax business, I have never had a problem that she is concerned about. 

contractors are busy and like to stay within a certain range so recommendations will be based on where you are.

His reasons were: a) he can borrow capital improvement budget, thereby not diluting LP returns and b) he could not underwrite yield maintenance.He continued to imply that his business model will remain short term holds (under 5 years) so this debt works for him and is better than fixed rate.My question to this community: would you still be willing to invest with an operator taking out floating rate debt in today's world?

As I need to register this business with the state and county, should I need to register LLC as "531110 - Lessors of residential buildings and dwellings" (NIACS code) or something else?

I'd love to explore how I can be a valuable asset to your business strategy.

Another strategy is looking at short term or mid term rentals thats one way to cashflow but it does take more work as your basically running a hotel business but once you figure how to automate things it will get easier at least thats what the short term rental investors tell me lol.