(specifically long-term, non-vacation rentals) Would love to hear a discussion on this!

I would love to connect and discuss more.

Send me a DM if you want to discuss specific locations, getting connected to the right "team" etc.

.- creating an LLC for each property becomes a MESS as you're scaling up, and the annual filing fees plus a tax prep fee for each one are cutting into your cashflow.- LLCs don't provide much anonymity. trusts do a better job at this.- i've heard of investors with a LOT of single-family homes structuring it so they have a few similar properties in each LLC, balancing it every so often so there is about 1m of equity in each LLC.

I have discussed it with my insurance agent and he tells me the earthquake insurance for commercial policies in Indiana is way to expensive right now to be practical, he says there are changes to how those policies are done coming in August so we will be reviewing my policies then.

I would very much like to have a discussion with you about the Cleveland market.

Hey @Mario J PerezAdvantages - Processing time, underwriting conditions, paperwork requirements, not impacting debt-to-income and/or personal credit, can own many and close in entities reducing personal liability (to name a few).Disadvantages - Rates tend to be a tick higher (less and less these days) and fees will be a few thousand more per deal, can be very regional, higher appraisal costs usually (based on the need for a 1007 rent market analysis on every one), can have weird underwriting conditions (lender specific)30,000 foot view at it, but the entity/personal credit side of things make DSCR loans really helpful as you start to scale, and especially if you are doing any personal borrowing for personal homes, cars, etc.Hope that helps!

Then, figure out what it's gonna cost you – your mortgage, any possible property tax bumps, pricier landlord insurance, plus regular upkeep, fixes, and fees if you've got someone managing things.

The only known situations where I was ever required to pay a loan fee upfront before funding is with my commercial lenders (banks, credit unions, etc.) on our 5+ units.

Certainly need a discussion.