PM if you'd like me to set up a recurring multi-family search.

Yes, it is a recurring monthly cost, and will affect your cashflow. 

Any recurring problems we should be aware of?

Eliminate all recurring debt such as credit cards, car loans etc.Good luck, reach out if you have any specific questions.

But this is negligible, depending on the size, and it does go to zero when the REIT sells the asset.The more common issues are: an upreit, or any reit structure for that matter, blocks my ability to access losses, so if I am enjoying the recurring tax benefits or real estate, this structure no longer allows it.  

The seller can also contribute towards non-recurring closing costs, typically around 3% of the loan amount. 

@Andy WilsonBefore you consider transferring it from your personal name to an LLC, you should have a conversation regarding what you are trying to achieve.Please be mindful that the costs to transfer from your personal name to an LLC will cost money as you will need to speak with an attorney/title company to draft up the documents.The county will also charge a transfer tax/ stamp tax.There is also the registration cost of the LLC plus the annual/recurring costs of the LLC upkeep.

On the other hand, a good drain company should at least be able to identify what is causing a recurring problem. 

Or they might help their client rent the property and get smaller recurring commissions.In the first example, they might help their client find and buy a property with a $500K ARV for $350K.

We have a recurring issue with mold appearing in various places in various units.