I can imagine having a broker license adds another layer of responsibility to making sure deals are solid. 

I can imagine it is pretty saturated.. but I would make sure you have top notch photos and design.

I imagine a T-6 is just a Trailing 6 month table that shows our rents, expenses all fully tabulated and organized into a summary table, but having a hard time finding documentation online to support that. 

Imagine turning your retirement savings into a powerful tool for building real estate wealth—without spending a dime!

While I can imagine some cities might be against "boarding houses" or enforce their "brothel law" I can't imagine too many cities would be supportive of it. 

If you have had it a few years I would imagine the value has increased substantially. 

So those are the downsides…what upsides are you imagining happening?

I was holding approximately 20 of their properties at that time, so you can imagine that unexpectedly paying out 20 interest payments every month was impossible.   

If you turn any two "bonus rooms" (rec room, office, formal dining room) into two more bedrooms, then you're at $5,950+ per month—a 138% increase in rental income.Now, imagine scaling this across multiple properties while keeping lower upfront costs compared to multifamily properties.

So there's no point in having an out of state LLC in that scenario.I would imagine other states have similar laws, but I do not know for sure.