Adding a wall to separate the unit from our home made the apartment more desirable to prospective tenants and the situation tolerable for my wife and kids.What was the outcome?

For now everything is great, I just find another house in one of the best neighborhood in Richmond VA, Mechanicsville, a house 3 bed and 2 bath, easily you can rent it out for 1800, plus there are a guest house very separated from main house, fully equipped, 3 bed, 1 bath, 2 living room and kitchen , separated entrance for another street, and parking space for more than 2 cars.

Totally separate company.

If the properties are currently owned as tenants in common(all individuals are written on the deed), each person would report the income separately(for their share) on their return.Trust does not own the property so filing a trust return to include the rental income would be incorrect.

Need advice that for STR for every property should I create separate LLC or one LLC for one state and all properties of that state can be under one LLC?

Step one - in preparation I ordered a separate planner strictly for this goal.

- If you're acquiring a property with tenants then I would need to send you a separate list of about 50 items to address hahaha Hope this helps.

Definitely take advantage of having two W2 incomes right now to buy properties and be sure to each use your VA loans once or multiple times if it fits with your goals.Just know that if you are serious about building a real estate portfolio, you will eventually get to the point where you can separate from the Military if you choose and go full-time in real estate.

My crystal clear criteria was to find a 2 level house with a separate entrance for the lower level. 

You’d want to know the status of all tenants and their leases, are the units separately metered, year built (new lead based paint law has just been passed this year for rentals).