I use WSFS for most of my investments, but I have heard good things about Franklin Mint Federal Credit Union and Iron Workers Bank.

Ive challenged them on this since there was not vote by the homeowners, that im aware of, and they essentially quoted as 2008 law  that says the the board can: (18) Exercise any other powers necessary and proper for the governance and operation of the association.The reason they have implemented is that there was a bad landlord that allowed a tenant to rent that eventually got busted for drugs.   

Government runs the school system and the government is a business.....The profits from the high tuition benefits the schools, the government, and the banks. 

An LLC is established by state statute, for federal taxes you'll be treated as a disregarded entity (if you're the sole member) or if you have multiple members you'd be treated as a partnership, or you can elect S or C corp treatment. 

When the government starts to take that away then we are going to have problems as a landlord.

I purchased a 3 unit in reservoir hill, but was also looking in Bolton hill, Charles village, and federal hill.

My current hurdle (and I'm imagining this to become more prevalent with the federal limit on property tax write offs) is that our exposure with the LLC. having a free and clear asset is large and homeowners insurance is denying us when I ask for a LLC.

I just finished filling out my taxes and it said I owe about $700 for federal and state taxes.

All in it is roughly $200k split evenly between the property tax lien and the federal tax lien.

I also don't believe there is any federal rule for enforcing escrow but I think there are state by state rules.