Quote from @Franklin Marquette:I own a property with some friends as tenants in common. 

But my recent refinances have had no inquiry into what I was going to do with the extracted money so I could have done this recently (but have not).The RE that secures the loan is the RE that is being refinanced. 

A common strategy is to keep California properties in your personal name with insurance, then put your Texas properties in an LLC, keeping the states separate.From a tax standpoint, it doesn’t matter much whether you own the rentals personally or in an LLC—your depreciation, expenses, and bonus depreciation still flow through to your return.

Here’s what I’m thinking about proposing to my PMC:Mgmt fee: target 8–9% with volume/door step-downs as I add units.Placement fee: flat (I’m eyeing ~$750 per lease) with clear deliverables: pre-leasing calendar, weekly pipeline stats (inquiries, showings, no-shows, apps, approvals), and SLA for listing turnaround.Renewal fee: low flat (vs a % of rent) plus performance bonus tied to renewal rate & timing (see above).Maintenance markup: tiered caps (e.g., 0% for pass-through under warranty; ≤10% for $1–$4k; ≤7% above $4k) with NTE authority (e.g., auto-approve up to $250; 3 bids over $1,500; owner approval on scope changes).CapEx: Owner-managed by default (my team/GC) unless I specifically hand a project to PMC.From your side of the table—do those ranges feel realistic for a 15-unit student portfolio?

Assumptions on taxes and insurance are also common mistakes.

In the Northeast basements are common and the frost line is about 4 feet deep, therefore the crawl space wall goes down 4 feet while the basement wall goes down 8 feet or typically less. 

If roaches are common in your area you may just have to keep spraying.

I'm also new to MHP investing and wanted to share that The Mobile Home Park Investing podcast by Kevin Bupp and Charles Dehart has been very helpful with gaining knowledge in a wide amount of topics such as market selection, due diligence, common mistakes, and so much more.

.: How I Made Millions Investing In Real Estate - Common Questions & Answers1.

This is common and then debate over who faces the "bad side" of the fence with the horizontal boards showing (hence paying a 3rd).