Of course, we all responsible for our own torts but only the LLC is responsible for the torts of its agents.As for the second, there are only about 20 monetary numbers to be entered in Turbo Tax on a single unit rental property 1065 so it always seems to me that the $3500 would be better spent elsewhere.

We negotiated a deal with the owner for 20% Equity, we are responsible for infilling the community as well as property management (which we also get paid separately for).

A light bulb replacement, for instance, might be the responsibility of the tenant.

Thank you for the response! 

However, the biggest con is that you are sacrificing a bit of your privacy by living right by your tenants and it is usually a lot more stressful since everything is your responsibility - managing tenant issues, handyman repairs, taking care of the lawn, etc.I would strongly recommend house hacking especially in the Columbus Ohio market!

Quote from @Barbara Potts: Mike, thank you so much for your response!  

If customer service has been a major concern in your search, uDirect is known for being responsive and transparent about fees and processes.

You want an accountant who can help you strategize and who is responsive when you want to know the consequences of the financial decisions you are making throughout the year.Good luck.

They don't communicate well, don't take responsibility for their actions, do not clean or maintain homes well, and will shaft you when it's time to leave.Other than that, it's a pretty good system.

I agree with both responses @Chris Magistrado.