In no way does a $4,400 repair or fence replacement extend the life of the asset and it is minuscule compared to the asset’s value.  

It's logical but will only appraise based on comparable sales and, if it's an area with few STR sales in the past 12 months, it will appraise just like an owner occupied home.

It is also relatively inexpensive compared to LLC formation, upkeep, and yearly registration/possible tax.The #2 point that makes this a mute discussion is you are not going to be able to move a property underwritten by a GSE (as most mortgages today are) into an LLC legally. 

It would help to compare your options.

Analysts predicted about 160k new jobs, so it's still slightly off compared to experts' best guesses.

It’s really helpful to understand the different processes in various states.I’m particularly interested in how this compares to New York, as I’m considering investing there.

How do the appreciation rates on these two properties compare to alternative investments?

Contrast that to the bond market--the source of movement for all manner of interest rates--which frequently moves more than 8 times in any given second.In other words, the financial market is able to make its move well in advance of the Fed and that's a substantial part of the explanation for the drop in mortgage rates seen over the past year.

My roof water leak test could not reproduce the leak albeit the amount of water from a garden hose can't compare to a major rainfall. 

You also want to compare the rental income to the expenses to see if it will make a good investment.