It also makes negotiating things like insurance rates easier because you’re seen as a business, not just an individual.Of course, there are pros and also cons, like setup costs, filing fees, and more paperwork to keep up with.

Doesn't matter if they have 3 kids or not, if they are late on rent, file notice and if they don't pay...start the eviction.Stick to the facts when you go in front of the judge and you should be fine. 

I have no affiliation (or ever heard of them until today) but they are HQ'd in YT and appear to be investment real estate friendly based on their filings.

Judging from the fact you have someone there 4 months and still haven't filed for eviction you should probably hire an eviction attorney and a property manager.

In my experience, the turnaround time is fairly short and can be done in January/February and still leave enough time for your accountant to file taxes. 

Also there could be a good chance the borrower files BK if they are still alive.

They sent me the Excel files over and I was made to believe it was optional.

However, managing multiple LLCs can mean higher costs and administrative work (separate bank accounts, annual filings, etc.).It depends on your risk tolerance and ability to stay organized.

If so, your IRA will most likely need to file a 990t tax return annually and pay this tax. 

Whether it's mold, COVID, or a non-paying renter, a quality PM acts quickly and decisively to protect people, property, and the landlord.If you feel the PM was negligent in their response, you can file a complaint with the state commission.