You will still be able to benefit from the losses whether its set up as a MMLLC or SMLLC since you are married.Main thing to keep in mind from the tax side of things is that MMLLC may have a Form 1065 filing requirement each year and increase your tax prep fees.

$5.5K in unnecessary plumbing issues caused by tenant in eviction (no way to recover costs)Hire a handyman when possible, they are cheaper.  

You would go right to QuickBooks and pull your Profit & Loss and Balance Sheet.

., so the $3-400 'cashflow' would probably be closer to $0 or a loss on the property they were analyzing. 

Allstate and State Farm in Illinois lately have been huge a**holes as far as providing coverage when a loss occurs.

So I take what you have and what you expect, estimate the time it would take in a whole year of work and create my flat rate.I notice short term rentals are about 1 hour a month of work per property, since we need to track each property's Profit & Loss for Tax time, this is also tracking a mortgage and depreciation as well for that property.

And the only job losses that result from raising the minimum wage are youth jobs and that's because adults will take them if they pay well enough to make them worthwhile.

Screen tenants, Implement thorough tenant screening processes to minimize your risk of vacancy and potential rental income loss.4.

Finding an established group that finds a way to get deals done tends to be as helpful as anything as many of us have had experiences of weird and seemingly unnecessary denials.I do like to make sure that its a region they lend to and the type of project that they do.

Get ready to spend some serious time shopping insurance and make sure to get rental income replacement coverage in case of a loss.