We also incorporate AI to advise best practices for PriceLabs settings for each of our properties based on market and past performance of the same listing so we can identify weak spots in pricing and minimum stays.Oh, I agree absolutely!

If circumstances change, we can revisit.”That is different from discrimination and is generally enforceable if aligned with your lease and applied consistently.Best practice going forward:Require written housing authority approval firstRequire adult occupant addendumRequire clear lease language on additional occupantsNever allow someone to move in “temporarily” without paperworkThis isn’t about being anti-tenant.

Even when leverage or short-term capital is involved, having cash reserves gives you flexibility when timelines stretch or surprises come up.A few practical thoughts that may help:Funding: Focus on understanding your total cash-in — purchase, rehab, carry, and reserves.

When Wyoming LLCs do make senseA Wyoming LLC can be useful if:You’re holding out-of-state assetsYou want a holding company above multiple operating LLCsYou’re structuring larger portfolios and working with a CPA + attorneyPrivacy is a legitimate concern (not a tax strategy)Practical takeaway:For most investors starting or operating in New Jersey:A New Jersey LLC is simpler, cheaper, and cleanerAdd umbrella insurance and proper bookkeepingRevisit multi-entity or holding company structures after you scaleBefore setting anything up, it’s worth a 30-minute call with a CPA or attorney who works specifically with NJ real estate investors—not a generic online LLC service.Hope this helps clarify things 👍

If you don’t mind sharing, is that something you’ve seen work in practice?  

In practice, that hasn’t been my experience.

I got so excited when I heard about cost segregation analysis as a way to get the maximum depreciation paper loss during the first 5 years in conjunction with having a spouse who is a "real estate professional" status for tax purposes.The way I found out about cost segregation analysis is listening to podcasts (as my usual practice during my marathon 2 hour commutes).  

In practice, the biggest hurdles in moving a tenant-occupied rental into an LLC are usually the mortgage (due-on-sale) and insurance, not the deed itself.

Most have been either inconsequential, never introduced, not feasible/practical, or were just plain poor policy ideas, such as:--The 50-year mortgage.

Those are the questions that really matter and from a practical standpoint I rarely come across anyone who makes suggestions who can back up their suggested course of action with "how" and/or "why" showing how little practicality there is to most of what you absorb.