In my state, owning an LLC is quite expensive (800/year), so the risk/reward calculation is a little more skewed, but still generally makes sense for larger MFR deals.The debate really heats up if you're talking about residential class (1-4 units) as there are material advantages to owning under your personal name.

Thank you for taking time to share your thoughts.The roof has been largely replaced and a new heating system and water tank was put in a few years ago. 

Everyone is sick of the heat.

I am afraid I may Kilz it and then in the Texas heat if AC is off, that odor will sneak back in when I have a great tenant in place.

Are the fireplaces the only heat source or anything out of the ordinary with them?

Hey @Ryan Brown - in this instance, I think you should turn up the heat in terms of what the tenant is allowed and not allowed to do. 

@Anthony Vander Meer Does the rent include electricity, heat or hot water?

@Karolina Powell I’m a huge fan for tenants paying their own heating.

That can get a little heated depending on the bank/lender.

For example with heat, the fuel (electric, oil, natural gas, etc) all cost differently.