But it was by no means without its challenges and bumps.

The beauty of the houses for a multi tenant property is that often the numbers do not have to be great on what you are buying, but you will still see a bump in income.

Bump, come on folks, Chris helps alot of people on the forum.

Why hasn't this handyman been reporting any of these issues to the owner?

https://www.zumper.com/blog/rental-price-data/Hey Real Estate Investors,Here is the latest rental trends report from Zumper.

-Scott  you can call them and fight it, and fight it on your credit report as well. 

It's just that those potential movements will be based on other considerations (chiefly, incoming economic reports) and NOT on the Fed's rate cut.To make matters more confusing, it's important to remember that Fed policy still has a tremendous impact on rates, but that impact stems from the Fed's words and quarterly projections.

For tax purposes, the LLC is treated as a partnership, with each partner reporting their share.

Have BP make them run, and pay for, their credit report.

It sounds like you will likely need to file a Form 1065 if you go through with this to report all the income and expenses on and the partnership will give each of you a Schedule K1 with your share of the income/expenses which go on your tax returns.