Although, you and your neighbors may do ok for a while none of you are experts on the current Landlord/Tenant Laws in each state.

In fact depending on many you have some of the laws don’t even apply to you.

.- Im thinking of not charging security deposit because of all the strict MA laws and just using the last months rent as a sort of security deposit, thoughts?

Americans couldn't own land a certain distance to the beach when we owned there.

After the raise, if the issuer has sold passive interests in a company such as a limited liability company, the LLC Act of the state where the entity is formed may have additional laws regarding fiduciary obligations, fraud, misrepresentation, good faith and fair dealing, that may also be applicable if management knowingly conceals material facts from the members.

The very fact that they are undocumented indicates that they already broke the law.

I really need some help understanding the bonus depreciation tax laws. 

It must be communicated to both buyers and sellers that commissions are not pre-determined by law and are fully negotiable.

Written by attorney investors, it's full of practical advice about the management of investment property, has sample forms that can be edited, and - most importantly - tells you what your primary state laws are and where you can read them.

The corporate veil is a real thing; no need risking law suits or audits if you can use legal structures intended to protect you.