Like others have said, sellers are no longer getting the "as-is and take my firstborn" treatment - I've seen more price drops and seller concessions than ever before!

If there isn’t much damage, you’ll just pay for a termite treatment ($750-$1500) where they will spray and inject stuff into the ground to take care of the active ones and keep new ones at bay for a while.

In other words, you're really not getting around the wood eating creatures unless you maintain an active termite bond/annual treatment from the date it's built.

-This discussion is about the selection of tax treatment under an LLC- @Ben Sinkunas Can you tell me the difference between an S-corp and a partnership in how they are treated on taxes?

Although I certainly get a TON of value from the platform already, I found that more sophisticated, nuanced advice for financing commercial and multi-family real estate was sorely needed. 

Unless you elect s-corp tax treatment.  

Have you found South Carolina's property tax set rates and it's treatment of homes without a homestead exemption to be a hinderance to finding properties that cash flow?

When you consider whether your chosen markets are landlord-friendly or tenant-friendly, Chicago stands out like a sore thumb.

Some people don't look at the big picture (an ugly eye sore getting spruced up and improving the neighborhood) and instead look at the short term (a branch fell in my yard today).

I would only go this route if required under legislation.You could even specify a different treatment for tenants who are frequently late (i.e. 2, or more, times in a year) and have the late fee assessed on the 2nd.When we assess a late fee, it is due with the overdue balance of rent.If it is written into the lease, there is no need to send a letter ... though you might send the tenant an email reminding them they now owe a late fee in addition to their rental arrears.We also have a hard-stop where we issue a Notice to Vacate: For tenants who are late paying rent for the first time we will wait until the 7th.