Use an S Corp or LLC (taxed as S Corp):If you plan to build and sell regularly, creating an entity structure can help you manage self-employment tax exposure and isolate liability.

___More Traditional Approach: One LLC per PropertyPros:- Clean and simple structure — each property is isolated legally and financially.- Common for small-to-mid-size investors; easy to understand.- Lower startup and legal costs, easier bookkeeping.Cons:- Can still get costly if you own many properties (LLC fees, registered agent costs, etc.).- Not as investor-friendly if you ever want to syndicate or bring in partners. 

With a small portfolio when you can handle less risk of loss, separating each property owned into an LLC to limit your personal liability and isolate one property from another is a good way to go.

The fact that I was surprised by the renewal is itself compelling evidence that valid consent was not obtained, as required by law.Moreover, this is not an isolated experience.

Online networking is a great way to not get isolated and get things that you need. 

If you have not considered it already, I would recommend looking into LLCs and/or Trusts for the property ownership as well as the rehabbing to isolate out liabilities, especially as you go forward with the long term renting.I hope everything works out great and the momentum keeps going.Note: This information is for educational and informational purposes only and does not constitute legal, tax, financial, or investment advice.

Once you have the better comps isolated you can compare that to which percentile you fall into of ADR and Occupancy and adjust the model. 

With a small portfolio when you can handle less risk of loss, separating each property owned into an LLC to limit your personal liability and isolate one property from another is a good way to go.

These aren’t isolated deals—they’re systemic.

An LLC will be considered to be doing business in a state if your business has a significant presence or conducts substantial business activities in that state, beyond just occasional sales or isolated transactions.