This is especially important when owning rental properties or managing flips because it minimizes your personal liability.However, many people stop at forming an LLC without considering the potential tax benefits of electing S-Corp status.

Raising money is easy; managing assets is hard.

In order to get a line you would need 2 years of operations, and have an operating company - like a property manager or a construction company.

General Tips for ADU Investments in LA: Any advice on maximizing ROI from ADUs or common pitfalls to avoid when building and managing ADUs in LA?

I currently have my property listed up for long term rent but they want to manage it as a short-term rental. 

I've been using Stessa to manage my real estate portfolio for several years now.

My goal is to make this go as easy as possible with little to no management on my part.Best,Rick

In theory, you should be able to manage the job remotely, but there is a reason why I show up at least every other day.What is in dispute?

My family has a property management company here that serves 1,800+ units.

If you can't manage your personal expenses and income then you need to be disciplined until you can.