. #2 creates a second layer of ownership (via the trust) that is unnecessary if you are still using the LLC.

We don't have any on our units, but our whole portfolio is all SFHs without any MFHs so they're unnecessary.

But unnecessary risk is another.

Individualized assessments shall establish why new open space is unnecessary in the area because of adequate existing open space or why the fees should be reduced because of lower open space costs in the area than those estimated in Section 16-18-040 hereof.

At that price point, in my experience, there is typically a fair amount of deferred maintenance, and the board starts to impose "special assessments" to raise enough money to take care of the necessities.

Cut unnecessary spending and stop paying interest on ccards, cars, etc etc. your credit goes up and you pack every penny away.

You are at more risk of issues with this tenant for imposing a late fee when the ability to do so is unclear. 

I have no problem with that, but I hardly have any money for myself, all the while my ex-wife is getting tattoos, buying expensive clothes and spending it on unnecessary things.I want to get the financial freedom to not have to worry about the little things.

Jon:That should be unnecessary if you amend/change the existing lease as opposed to dissolution and creation of a new lease.  

I think that puts an unnecessary burden on the tenant, because their move out date will not correlate with the date most other landlords will have properties available.