Most people at or below the poverty line already pay no or negligible taxes, so this would actually act as a huge tax hike on the poorest Americans, not to mention that it would erase other programs that help lower income Americans, like child tax credits. 

Arguably the interest from student loans is negligible compared to the cash on cash returns from a good real estate investment.

I need some clarification regarding the "Annualized Total Return" number that is calculated in the Rental Property Calculator as follows:Formula used: ((Ending Value / Beginning Value) -1) / Years; However, in my 10 years of experience in finance and investments plus during my formal education (MS in Finance) I have always learned that the annualized return formula looks as follows:((Ending Value / Beginning Value) ^ (1/Years)) - 1In earlier years the delta between the two formulas is somewhat negligible; However, in later years (approx. after five years); the delta is getting quite substantial. 

If you look at tort law which is what 90% of property owners will be dealing with (negligence) such as slip and falls, lawsuits about a railing that maybe came loose and somebody fell or lead paint or any of a million lawsuits, the law says that the LLC can and will be held liable as well as the "owner" of the LLC personally.

I was always under the impression a tenant could sue you and your family for "Everything your worth" if they slipped and broke a leg because of Landlord negligence ?

If you do not have that, it will likely be on you to address, absent any admission or proof the damage is due to tenant negligence or damage.

We were not aware of the leak until this incident so its not an intentional or negligent maintenance of the property on our part.TIA

@Bill KramerI think he's arguing that the excavation does not include the reinforcement of the foundation or any damage that occurred because of this excavation, regardless of whether he was negligent or not. 

An attorney seems extreme unless you feel the inspector was blatantly negligent or did something criminal. 

Well, you can play all kinds of games, or, you can provide great management and just never be negligent, then have tons of insurance and sleep well.