@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.

It's not been easy living with my wife's family for this amount of time but the pros WAY out weigh the cons and I know we wouldn't even be close to the position we're in now had we not chosen to do this.

I say typically because in today's market demand drastically outweighs supply.

There are thousands of successful real estate investors that didn't go to college, however, I'm sure the number of  successful real estate investors that did go to college outweighs the ones that did not go.

@sam grooms Here is a simplified example of how the recaptured depreciation can outweigh the annual benefits of depreciation Here is an example: Let’s say you had a house that had a house value (not land) of $100,000 when you put it into service as a rental.

Generally the advantages outweigh the disadvantages.

Like most people though I have certainly been disappointed at times by the Home Warranty process but for me personally the pros have far outweighed the cons thus far. 

Assuming the cash flow out weighs all negatives (not sure if you have a mortgage or not).