The residual method is simpler but less thorough and can leave money on the table.4.

I think open concept is the way to go.First you can't hardly find a house that isn't fairly old that doesn't have open concept.Open concept being where the living room or great room is open to the kitchen.You need room for your group to be able to hang out together.You can have open concept and still have private areas like movie rooms and game rooms.We have a cabin in PF that is open concept and we have the movie room, game room, huge outside deck with hot tub and a custom outdoor firepit.

Matt — this is a great concept and the demand is real. $10K/month for memory care is the norm, and families are desperate for affordable alternatives.We actually build Ohana Units, ADUs, and DADUs in Hawai'i, Washington, and Nevada — so the tiny home / accessory dwelling model is something we work with every day.

It's simpler and there's less risk of theft.  

Placing property under an LLC establishes a distinct boundary between your personal and business assets.Tax/Cost: Owning the investment in your own name makes tax filing and compliance a lot simpler.

This year I’m intentionally focused on working with investors and developers in the residential space, particularly those acquiring and repositioning small multifamily properties.My background is in high end residential architecture, where I was deeply involved in day to day operations, client management, and bringing large scale custom builds from concept through construction.

For simpler residential, there are now rules-based software studies (room42.io is one example, around $525) that produce defensible reports without needing a site visit.

you mentioned mixed use zoning, do you intend to have a restaurant/cafe concept at the hotel? 

For small landlords it honestly does not matter.Any expense tracking app or any spreadsheet will do when you have just a few transactions.In fact the simpler the better.

It is much simpler to be able to just import everything.