And your proof that this is "toxic mold" as the title of your posting claims is...????

Self doubt is toxic.  

But typically with a Po Box, an angry tenant, Irritating Investor or once you start making the big bucks and become Accredited....thats when it gets crazy....all types of charities, organizations, and beggars could be knocking directly on your door.

Too many people taking advantage of it and it's irritating.

I've always thought Facebook was oriented to "joining" groups and people would get irritated if you randomly plopped real estate ads. 

I try to find 25 years and up. 23 year olds I've had weren't very mature and ended up whiny, messy, irritating, and didn't understand how much things they damaged or broke cost.

As for why GPs love IRR. It

In an "effort" to reduce consumer panic in the banking industry, these 4 large banks were able to buy the insolvent banks and their toxic assets for what is rumored to be around 15% of the face value of the notes.

There are books on this strategy and would recommend reading up on it...The more assets you have the bigger target you will be, so if this is your first rental an LLC may not be fully essential, but I would recommend one to get familiar with how they work and how to protect yourself using one as your wealth grows.Every property has their own reasons why they might need to be in an LLC, whether it's someone tripping and falling on your front steps because a nail wasn't hammered in completely, and are now permanently disabled for the rest of their lives - to finding out the property you bought used to be a toxic dumping site and the State notifies you that you need to spend millions to remediate it.  

The value of the apartment is in the cash flow and IRR it can give me.