Really pounds it in your head that once your passive income outweighs your expenses then you are on the fast track. 

But in my opinion, if you just start out, particularly, if you get the mortgage through primary residence, the costs of LLC outweigh the benefits.PS, I am not an accountant.

I understand there are pros and cons to each but does having your tenants pay off the mortgage in 15 years rather than 30 outweigh the additional monthly cash flow? 

New set of closing costs with the loan company may outweigh the benefits when you could just keep that cash in your pocket for payment #2.

It outweighs my others by a long shot.

There are definitely some pro's and con's but for me the pro's far outweigh any cons. 

I raise money through syndication but on that size of property the cost might outweigh the benefit, although I see you are an attorney.

In my opinion the only scenarios that would justify this would be a significant appreciation or value-add play where the equity gain on the exit will outweigh the interim cash on cash return during the hold.

Take the number one goal that will outweigh that number one fear and use that as a catalyst to get you to your goals.

I do charge pet fees.  2) More difficult for tenant to maintain the yard as they will need to trim grass/branches around fence.  3) Potential future cost to upkeep fence.There seem to be more cons in my point of view, but the one pro is might outweigh them.