I've always liked the idea of putting any even personal homes in LLCs.LLCs, from my understanding, take a lot of routine paperwork that you have to keep up with and close records for.I believe LLCs might change how you owe taxes, turning rental income from personal taxes to LLC taxes.

I am not handy but willing to deal with routine maintenance if needed.

This doesn't even include the things to come when it's time to actually list, sell and close on the property - someone's got to review the HUDs, answer the phone calls and count the money.Lenders are also taking a closer look at "Repaired Marketing Strategies", especially in new home communities.They're simply not prepared to break their routine, or re-route personell for a single property; It wouldn't be worth the increased liability, or man-hours.I'd add one other thing; On most properties, with most banks and asset management firms, a listing agent is assigned within 1 to 7 days after foreclosure.

Prospects and tenants mostly deal with office staff for scheduling showings and handling routine maintenance issues.

Otherwise, I'm perfectly happy and comfortable doing the "get rich slow and careful" routine.

Today people routinely live into their 80’s and 90’s and can anticipate a couple of decades of retirement years.

In regard to residential units, advertising and screening costs are part of the routine lease-up expenses.

Let me ask you this - where else can you routinely find single family homes priced at forty to fifty cents on the dollar, with a minimum of $40,000 in equity, that need LITTLE or no rehab?

The elevator in your office building needs routine maintenance or repair.

Borrowing money seems to be as routine as it always was.