They are Class C properties and we've all been hit (temporarily) with interest rates.

Since conversion to Roth creates a one-time tax hit, it should be carefully planned.

One of the board members was there and is looking to retire, We hit it off and he opened up his 30+ property portfolio to me to choose from.

Good luck exactly the 1% and greater rule steers ( especially first time investors who think that is the metric they have to hit) into what is almost always higher risk rental areas.

As long as you keep track of everything and report correctly you should be good to go.I'm always in the camp to Keep It Simple Stupid when it comes to running stuff through LLCs until you hit a certain critical mass of assets and/or income.Hope this helps!

I'd compare the cost of the buyout vs. the penalty you'd get hit with IF you refi or sell. 

Hi Shaheen, rental properties often get hit with higher tax rates because local governments see them as commercial investments.

I hit 24 Roku's about 6 months ago. 

I think you hit the nail on the head when you said "...and I think it helps prevent problems when they understand the myriad issues involved in its use."

Unfortunately, seniors are moving out of the newest/nicest 6 bd I have and actually covers 2 full mortgages in rent, I am just getting significantly less hits on Zillow even with premier.