So if you’re signing contracts, handling banking, or directing operations from your home office in San Jose, the Franchise Tax Board will probably say it’s “doing business” in CA again.Option 3 (Wyoming LLC only):Same issue.

Syndicators have no training or legal requirements on understanding to be a fiduciary.

Whether it’s a surprise repair, a vacancy spike, or a refinance delay, your reserves are what keep you from making reactive decisions that can hurt long-term performance.Strong reserves don’t just protect the property — they protect your reputation, your investor relationships, and your peace of mind.Here are a few quick takeaways to remember:Hold a minimum of 3–6 months of operating expenses for each property.Build a capital expenditure reserve — roofs, HVAC, and parking lots don’t last forever.Plan for the unknown.

Typically I see house hacks work with one bathroom per 2 bedrooms or so.If you want to do an added perk, maybe include the train pass as part of the rent.

And you have operational inefficiencies, because everything you do remote is harder.

@Susan HsiaoPutting your short-term rental (STR) deed into your LLC can improve liability protection by aligning ownership and operations, but it comes with trade-offs.

Is there somewhere i can track cash flow from non-operating activities?

Companies hesitate to set up new operation in cities known for high crime.Low operating costs.

I want to use this LLC as an operations/management LLC to manage my properties (all except one which has a third party property management).Where I am stuck is that how I need to make transition from self to LLC for managing the properties.

hey brian i operate and manage dozens of MTRs in SLC feel free to shoot me a PM