There might be some but the liabilities far out weigh the benefits and risks in my opinion.

Make a list and see which one outweighs the other.

or in other words, does the peace of mind in placing prescreened tenants into market-rate units outweigh to cost of an rehab and termination of tenancy. 

However, my concerns are outweighed by the potential positives landlords (and the community) could receive from having this info at their fingertips. 

I had to remember my 'WHY' and it out weighed the potential rejection. 

The current utilities expenses far outweighs the additional revenue being realized. 

S Corps begin to make sense once the savings on self-employment taxes outweigh the additional overhead of administering a corp for tax purposes. 

@Matthew Shay Whether making an S election for an LLC is a net benefit depends on the taxable income of the LLC vs what is 'reasonable compensation' to the owner.If the self-employment tax savings outweigh the overhead of administering a corporation for tax purposes, the answer is definitely yes, it is worth it.Best to consult your tax CPA/EA.

As long as the wins outweigh the losses, it's all worth it.Glad to hear everything is now fully rented, and I hope you are able to pickup your next property before long! 

To me the downsides outweigh the upsides of the HELOC.