Word to the wise- find fair contractors and vendors, pay them fairly, pay them fast and treat them well.

Usually you build a relationship if you treat them right and it'll grow.

The number of private landlords sued for more than their insurance will cover is astronomically low.The best protection: follow the law, and treat your tenants honestly.

What is the support for treating as passive or nonpassive? 

Number one secret to success, treat everyone like family! 

Landlord can require tenants to be responsible for separately metered utilities, so can avoid waste.Landlord can get annual small increases in rent.NegativesMost of us don’t treat something we get for free the same way we treat something we’ve worked hard to obtain.S8 applicants claim “broke” and don’t like to pay application feesSame goes for security depositsS8 tenants, in our experience, tend to cause more property damage than non-S8 tenants. - Make sure you get a security deposit and perhaps do a surprise inspection of their current home.S8 requires an inspection (mostly health & safety) before approving a lease and then annually thereafter. - Not something most landlords taking care of their properties have to worry about.There are limits to clauses they allow in your lease.

An LLC that elects to be treated as a Corp depends on whether the election is C Corp or S Corp.  

Yeah, treat the property well, make it nice, and you won't have any issues there.

Overall, here are my thoughts: When it comes to a realtor: - Someone that at least owns rental properties- Treat a showing as an interview - sign a short term buyer / property specific agency agreement with them.

As a landlord, I've great respect this individual and have treated him very well.