If you choose this route, make sure to have clear, written agreements in place and maintain a professional landlord-tenant relationship.

You want to make sure you set clear boundaries and have a transparent lease. 

It is clear that you really like the area and the house but sometimes you just have to walk away.Having said all that, I would ask for HUGE reductions.

Probably the same companies who are peddling Wyoming LLC’s as an asset protection strategy….Just to be clear, there are instances where an intermediary management type LLC can provide protection but this and all other similar posts I read in BP are nowhere close to a fact pattern where that would exist.

The documentation they provide with your tax notice will clearly show how they have changed their valuation.  

Focus on properties that will have a strong rental market and a clear path to increase in value.Overleveraging:Some investors refinance and pull out too much equity, leaving them with little to no cash flow.

Clearly…we do have all of that under litigation and “under control” already.  

I own a property free and clear, that I want to rent out.

Knowing this information takes a lot of time to understand and just looking at comps won't always give you a clear picture. 

@Charwak Gummalla, more clear details of your plan might get you more responses. 1.