Some municipalities may require you to pay excise or real estate tax when you convey property from being held personally to an LLC or vice versa.Still, some municipalities allow a tax free transfer between personal to LLC holdings when the property is being transferred to a single owner LLC.

@Brandon Levi Eagan take a look at what @Nathan G. says above; good insight.

As for the balanced budgets, that is only for the portion of taxes that are for levies, there is a base tax rate for city and school taxes that is not capped.  

@Levi Rudder thanks for the advice i will definitely add you on FB

@Fanes Ferdinand @Angela Salvant @Meghan Levi Just figured out how to @ mention people!!

You have association rules, the committee might be misappropriating funds, special assessments might be levied, typically you are not the majority owner or controlling declarant.

Usually the rent rates are increased to levy the additional costs, but advertised to tenants as only having to pay electrical utilities. 

Levi T. here in Tampa, Florida the home owner is responsible for that water bill if the Tenant moves and does not pay it.

I suggest the following for ALL occupants age 18 year and up:1) credit check 2) background check3) at least one past landlord reference; if no references, double the security deposit; double check that the reference is actually a property owner, not Uncle Larry posing as a landlord4) employment and income must be verified and from a source you can levy/garnishee if they don't pay; my rules is the income must be MINIMUM 3x the rent, but if they have high expenses showing on the credit report, sometimes even that's not enoughFinally, go check what their current living situation looks like.

Hey @Levi Dobson!