You can definitely do a simplified allocation yourself, especially for smaller properties.

Given all that, I’m curious how you would attack this:– Would you simplify it (no ADU, different unit mix, or sell instead of hold)?

Once maintenance history or owner reporting becomes annoying, that’s your signal to migrate.The mistake to avoidDon’t compromise STR operations to “simplify” LTR tracking.

The city recently moved toward a more flexible zoning framework that allows ADUs by right in far more residential zones than before, removes many of the parking and owner-occupancy requirements that used to be barriers, and generally simplifies the approval path so homeowners don’t have to go through multiple layers of variances and hearings.

Quote from @Andrew May: Hi Sandra,That's a great question that we've all faced.After making countless mistakes, I simplified my approach and strategy.1) Identify your objective and strategy/strategies.

The downside is more equipment to maintain and you need to plan good access and shutoffs.Central can work if you have a real boiler room, recirc loop, and you want to simplify utility billing, but it can be a single point of failure and the distribution losses add up.

@Ethan Whaleyi'll try to simplify. 

Using a HELOC to buy properties in cash can definitely simplify things, avoid loan approvals for each purchase, and give you negotiating leverage, especially in markets where cash is king, but it’s important to be mindful of risk since your primary home is on the line and interest rates can fluctuate.

I’ve also found it helpful that the system connects directly to debit cards and automates expense categorization, so you don’t have to manually track every charge.As for Series LLCs — they can simplify ownership structure, but the best setup really depends on your state and insurance strategy, so it’s worth talking with a local real estate attorney or CPA before restructuring.Thank you!

Obviously it's more nuance than that but at 20 I had all the answers lol.This video is by far the best I have seen to simplify the debate and really helped me understand what the right approach is for me based on where I am with income level right now.