I would caution you to take it with a grain of salt, though, because when you run the numbers you may wonder how anyone makes money in this game.

As far as protection from mold issues and personal liability, any plaintiffs' lawyer worth his or her salt can draft a cause of action against you personally, no matter what entity holds title to the real estate.

If things don't match up, you know there's something fishy going on.Also, if they are living somewhere currently and use that landlord as a reference, take their reference with a grain of salt.  

Take it with a grain of salt. 

Here's what I understand (but take it with a grain of salt since I'm not an attorney or CPA):Tennessee doesn’t have a state income tax so if you own your properties personally you are only subject to federal income taxes.However, anybody really interested in real estate needs to consider protecting their finances from liability with a corporate veil.

 @Joe Splitrock  You bring up some good points and yes it is a free website so have to read with a grain of salt. 

This is just my 2 cents from the limited experience I have so far so take it with a grain of salt. 

Any litigator worth his or her salt can turn what happened to you into a lawsuit that can withstand a motion to dismiss.  

Buyers are liars and sellers are too"......so i take everything with a grain of salt until i see it

The first year there wasn’t much snow and the plowing/salting was about $4000.