I imagine you will lose a lot of potential booking without one and it seems from the comments above that any negatives can be mitigated.

There are lenders that will allow group usages but I’d imagine most are residential and can be financed with a DSCR or other alternative income verification such as bank statements  or an updated P&L.

Can you imagine the average Joe peeking into the markets and hearing this?

@Gordon Middleton  Remember, if the intent is merely to create separation for liability purposes, you are creating the clearest alter ego case imaginable.

All I can imagine is a lot of blight hitting many rental units when the costs to maintain rise beyond the capacity to finance that maintenance.  

For example, the unemployment rate, relatively low, is 6.5% versus MA's 3.5%It's been a long time since I was more familiar with Springfield, so I'm not sure about the impact of the casino.In general, similar to other working class cities like Fitchburg, in Springfield I'd imagine you'd fine the following conditions:- Attractive Cap rates- Medium vacancy- You're paying a realtor or property management company to find tenants (in higher end cities the tenants pay the realtor fee)- Section 8 tenants -- could be a negative or positive, depending on your view.

Still, if you do your numbers correctly, your net cash flow is about $150-$200/door.The challenge here, and I imagine in any market right now, is that you can't get returns like that unless you're doing some work.That $85k deal?

But still, I'm getting it done, much more than I could have imagined some twenty ago before my first property rehab.Newbies, WE ARE NOT YOUR ENEMY.

That's a large expense and I imagine that would wipe out the tenant's whole security deposit.

I imagine this would take close to a year if all went well, and eat up a lot of funds.