. — since there’s strong demand for temporary housing near major airports.I know NJ has some tight regulations around rooming houses, boarding houses, and hotel licensing, so I'm trying to navigate this carefully.

100% of the deals I've done with Safeguard have had late payments and/or major issues. 

This was an MLS listing needing major work located in a popular area walkable to downtown Towson.

My experience tells me that the far majority of cosigners don't really care what happens to the tenant or their own credit.

Having strong protocols and communication systems can help reduce the impact, but it’s definitely part of the reality.Another major challenge, especially in the short-term rental (STR) space, is dealing with property damages caused by weather or guests—and sometimes even neighbors.

So, if you fail to apply the correct assumptions to a property, your expectations won’t be met and it may even be a financial disaster.We use the following to rank Property Classes, in order of importance:Property Tenant Pool: closely linked to location, but not always.Property Location: closely linked to tenant pool, but not always.Property Condition & Amenities: it’s important to, “Maintain to the Neighborhood.”Key metrics for each Property Class:Class A Properties:Tenant Pool: Majority of FICO scores 680+, no convictions/evictions in last 7 years.

So, if you fail to apply the correct assumptions to a property, your expectations won’t be met and it may even be a financial disaster.We use the following to rank Property Classes, in order of importance:Property Tenant Pool: closely linked to location, but not always.Property Location: closely linked to tenant pool, but not always.Property Condition & Amenities: it’s important to, “Maintain to the Neighborhood.”Key metrics for each Property Class:Class A Properties:Tenant Pool: Majority of FICO scores 680+, no convictions/evictions in last 7 years.

So, if you fail to apply the correct assumptions to a property, your expectations won’t be met and it may even be a financial disaster.We use the following to rank Property Classes, in order of importance:Property Tenant Pool: closely linked to location, but not always.Property Location: closely linked to tenant pool, but not always.Property Condition & Amenities: it’s important to, “Maintain to the Neighborhood.”Key metrics for each Property Class:Class A Properties:Tenant Pool: Majority of FICO scores 680+, no convictions/evictions in last 7 years.

So, if you fail to apply the correct assumptions to a property, your expectations won’t be met and it may even be a financial disaster.We use the following to rank Property Classes, in order of importance:Property Tenant Pool: closely linked to location, but not always.Property Location: closely linked to tenant pool, but not always.Property Condition & Amenities: it’s important to, “Maintain to the Neighborhood.”Key metrics for each Property Class:Class A Properties:Tenant Pool: Majority of FICO scores 680+, no convictions/evictions in last 7 years.

I own the majority (~54%).We only have 1 tenant now.We are doing arenovation of the existing duplex and building an ADU complex, Once finished,we will have around ~5,000 sq ft of living space across 2 2 bed 2 bath ~1,000sq ft ADUs, 1 ~2,000 sq ft 3 bed 3.5 bath unit in the existing duplex, and 1~1,000 sq ft 2 bed 1 bath unit in the existing duplex.This will be a 4unit (s 4 tenant groups) property butunits will likely be split so that is not equivalent to only 4 individuals.There will be a total of 9 bedrooms and 8.5 bathrooms.Given the size ofthis property once completed and the amount of individuals potentially residingthere, AND given the multiple ownership dynamic, does it make sense to havethis in an LLC once it is completed or is that overkill given we only have theone property?