Sounds like a good idea.

So if someone sues you for your Ebay store they can now take your real estate...doesn't sound good to me.

Of course, if it turns out it's a great  rental and you don't need the cash, just hold it as a rental even longer, skip the 121 exemption and use the 1031 whenever you're ready to sell.If it sounds complicated, it sort of is, and you must have a Qualified Intermediary on your team prior to selling your property in order for the 1031 to be valid, so the first step would be finding a trustworthy CPA and QI to make sure all your tax docs are in order.

In your case it sounds like “focus on maximum occupancy”.Unless you enjoy it, tinkering with building websites is an endless and painful game.

Corporations and LLCs must engage lawyers for any legal proceedings.I sincerely doubt that your personal umbrella covers your apartment management now, since every personal umbrella policy I've ever had always excluded business pursuits.

I thought that sounded pricey, but I've never done this before so I wanted to run it by you all. 

I actually climbed the roof with the seller and inspector and sounded like I knew what I was talking about.It's a team sport!

Welcome to BP, from out east in Sound Beach.

BRRRR sounds like putting a lot of debt On oneself.

Sounds like you’re already heavily involved in RE just in a different aspect.