Letting it sit vacant has its disadvantages as well.

I hadn't thought about the tax disadvantage I'd be in while lending!

The LLC is "it depends" go through the advantages and disadvantages and look into getting your estate plan put in place too.  

And it comes out of what might feel like a disadvantage.

We're trying to decide between forming the LLC in Ohio or Wyoming.We've heard Wyoming offers stronger anonymity with lower costs, while Ohio might provide specific benefits for in-state real estate.Can someone please elaborate on the advantages and disadvantages of each state for our situation?

What are the significant advantages and disadvantages if you would compare buying from an owner (if you can find one or one finds you) and buying at an auction?

My first bit of advice woud be to not file as MFS, it is the most disadvantaged filing status there is! 

Depending on where you live having a home firearm might literally be your only line of defense, since you have the disadvantage of being a fixed target, not knowing the mind of the potential assailant, and possibly being very far from police or other responders.

So is there any disadvantages you see to using a property manager for student rentals.Please advise - Thanks - Benny1.One of the many reasons I use 1 lease is that all of the kids that come to me show up as pre-existing friends.

Are there any disadvantages to buying all cash?