The taxable income from the LLC passes through to your personal tax return via a IRS Schedule K-1 and you include the income / loss on your personal return. 

Figure out how to inspect and document, what to do if there's damage or violations, etc.I could go on. 

Slightly worried about higher personal retaliation or damage to property than if I were driving an ordinary car, incognito car.Thank you BP!

The basement meets all the criteria for a dwelling unit in Chicago, but we need to go through the re-zoning process.In addition, we have old R22 forced air units that we want to replace with a heat pump.

Other requirements you can have for their animal is that they be trained to perform whatever service they are performing for that person, be housebroken, not pose a threat to the security of others, not damage your property, and be licensed and vaccinated. 

Tenant’s vehicleor other possessions will occupy the parking space entirely at the risk of the Tenant.Tenant releases Landlord from any loss, damage, claim or injury resulting from anycasualty.”Should the tenant or I have additional insurance for a Garage Storage unit?

The other thing to keep in mind is that windstorm coverage applies to wind damage to the entire building, and not just the roof in my experience. 

.); the percentage of damage to the Improvements at which the Property’s jurisdiction will require the Property be rebuilt to current zoning and land use requirements (i.e., the destruction threshold); which Property characteristics the destruction threshold percentage applies to, such as market value, assessed value, replacement cost, or unit count; for Properties with multiple buildings, if the destruction threshold percentage applies to each building, or all buildings as a whole; the replacement cost to rebuild per current requirements for zoning, and land use; the Property’s continued marketability, and economic viability; the amount and type of Borrower-maintained insurance coverage required per Part II, Chapter 5: Property and Liability Insurance, Section 501.02C: Ordinance or Law Insurance; insurance loss proceeds payout, compared to increased rebuilding costs, including from building code changes, Americans with Disabilities Act compliance, and the municipality's local zoning requirements (e.g., green compliance for new buildings, etc.); the sufficiency of estimated insurance proceeds from ordinance or law insurance and other coverages to repay the Mortgage Loan in the event of partial or full casualty, or condemnation; and for a Tier 3 or Tier 4 Mortgage Loan, if requiring execution of the Limited Payment Guaranty (Form 6020.LPG) would mitigate the risk of the as-rebuilt Property not supporting a Tier 2 Mortgage Loan.

The home had fire damage in the garage after roof replacement.

But none of your fees should be a surprise or up in the air!