Sometimes i run into people who claim a positive cash flow but invariably when i get the details it is because they are not taking into consideration the value of the current value of the home or their down payment etc  BUT with some of the appreciation rates there has been a lot of money can be made with buy and hold..at least if you had bought 4 years ago.  

In October 2016 I fired them because I discovered they were charging me for repairs that simply did not exist..One of my tenants also informed me that DASA claimed to own my property!

You basically lose the protection the courts would offer because they will see right through the transaction.4) Depending on exactly how you structure things will depend on if you need to file a separate tax filing for the LLC, or if it can be a disregarded entity and claimed on your personal tax filing. 

At this point, they're giving me what's left of the security deposit at closing, but I just wanted the receipt and the tenant's signature that the work was completed and the deposit was used so somewhere along the line he can't claim that the work was never done.  

There will be published in the newspaper of record an announcement of the probationary period for you to bring all claims against the estate.

Also because our tax return is so time consuming he does give us a discount off of his total bill which even with the discount is expensive.In summary I recommend Miles but realize I am claiming up front that he is expensive - I suspect few tax men earn a higher hourly rate.Good luck

Also, it will be difficult to prove any future damages, because they will claim that existed before, and you will have no evidence because you weren't there when the lease started.  

@John Thedford  I could see an ambulance chasing attorney following a lender who has this practice and then repping the trustors in an action for lender liability claim.

Just file a quit claim deed with the county.  

There was a storm so I have an insurance claim that has quoted roof repair at $3200.