If you’re using leverage, be extra cautious with your underwriting to ensure the deal still works at today’s rates.Economic Uncertainty: Inflation, potential recessions, or shifts in demand could affect rents, vacancy rates, and property values in some markets.Increased Operating Costs: Rising insurance premiums, property taxes, and maintenance costs can cut into profit margins, particularly for buy-and-hold investments.Regulatory Risks: Some areas are increasing restrictions on landlords, particularly short-term rentals.

Coming from a family of lawyers the ones in my experience that make less than that are usually just not that motivated or are not that good at what they do.  

Better yet, let the tax cuts expire and use the extra revenue to pay down the debt and build productive infrastructure.

Many investors do end up getting their own license because of this, others don't want the liability and extra work.

The pet fee or deposit for the move in of 2 cats (you did charge one, I hope) should have just about covered the extra anyway.

We've found that there are neighborhoods in the Cleveland Metro where it's nearly impossible to cashflow, As Jay said tenant quality being one of the main motivators behind that.

They had been paying those extra taxes for ~10 years since the last tax reassessment.

You can't charge extra pet rent or even a pet deposit because it's legally not considered a pet.

What are you hoping to get out of the extra time, work and costs of having the LLC?

It will almost ALWAYS be below asking price, so you will have to make 10s, if not 100s, of offers to find a motivated seller.Then the property will have to pass inspection, appraisal, etc.