We're looking for ways to increase our income and have decided to obtain an LLC.Initially, I planned to use the LLC for a rental arbitrage business in Anaheim, CA, near Disneyland due to its high tourist appeal.

Buy adding additional storage, maybe this could increase rents while cleaning up the property.

As a result assets will continue to appreciate.Using someone else's money allows you to leverage and buy assets NOW that will continuously go up in value, as well as increase a cash on cash return for yourself over time.

I would also prioritize trying to replace your regular 9-5 job and then gradually increasing your income with more experience.

Stay away from anything that won't rent well in down markets such as we are in right now.

I would let it ride a bit as, if you refinanced it, your rate would increase.

I "flipped" the house I used to live in (and rent rooms out of), and currently run an Airbnb in my second house. 

There are so many new posts on BP about the same topic (eg tenant didn't pay rent or tenant is late on rent, what do I do). 

Now, had he let the guy move in, collected the rent, and not paid me, I would have sued him and put him in jail without hesitating.

For perspective I purchased a duplex in late 2022 using an FHA loan for 444k that I’ve been rehabbing while living in it as well as renting one unit, once the rehab is complete this summer comps are showing I’ll have roughly 200k in equity to tap into.