Super interesting stuff and you really come out realizing that in the corporate world, every financial decision is based on tax treatments.

.- (In my head) "okidoki, I'm just going to put this on the bottom of the pile and ping them again for paystubs after giving them a week of the silent treatment."

A 7 cap is absurdly low for Lansingburgh, that area is one of the sketchiest in the capital region, half the houses are boarded up, theres a TON of rental inventory on the market because even low income renters are fleeing the drug violence.  

@Jake Peterson @Brandon Turner has a couple good recommendations for deciding if you're in a good location in his book "The book on rental property investing"... he gives a few different tools to search withCrime stats - www.crimereports.com Schools - www.greatschools.orgjobs versus unemployment - he said he uses www.city-data.com drug use in the area the overall look of the neighborhood done by just driving around

A multi-member LLC will be taxed as a partnership by default, but you can elect corporate tax treatment if that better fits your situation.  

In contrast, we had someone break into the washers and dryers on numerous occasions, a drug dealer, a pot smoker, a gal who had boa constrictors, and more issues in a month than my 9 SFRs had in a YEAR. 

It took a couple of weeks of treatment.

They arrested her a month ago for drug charges and now she is out on pretrial release to her parents.

On occasion I need to be 1099'd and I've never had any issues with 1099s being issued in the firm's name and tax ID number.And @Sean Cole's strategy of an LLC taxed as an S-Corp can lead to some pretty advantageous tax treatments in the right situation.I imagine the most likely obstacle to this sort of setup isn't a legal prohibition but a brokerage that, for whatever reason, won't go along with the structure.

I run shorter depreciation schedules for non-integral assets like sheds, fences, appliances, window treatments, etc.