The goal is to purchase 2-4 unit properties and turn them into MTRs but also underwriting them to 'work' as LTRs as wellIn that case, I'd follow Bonnie's procedure (we did the same thing), and start shopping.

You also need to have proper bookkeeping, separate account, and proper operation procedures to avoid piercing its veil.Taxwise, these structures are tax neutral and could even not require any other tax reporting if your WY holding is disregarded for tax purpose.However, you can also improve the basic structure by adding some other features, like a management corporation in the middle, that can offer you some tax advantages and ancillary benefits.Also, when creating such a structure, it is often recommended to have estate planning in mind as it is easily incorporated in it.So ideally you would like to talk to an asset protection, tax, and estate planning attorney as all three fields should work together to make a comprehensive solution.

If all parties sign to terminate the lease, is there grounds for them to sue for terminating lease and not following lease procedure, even though they requested to leave?

#2: Landlord Mentor: They need to be willing to teach you basic landlording skills such as Contractor Stable(Finding, Maintaining, and Gut-Checking Contractors), Standard Operating Procedures for dealing with Crises (Collapsed Sewer Lines, Blown off roofs, Hot Water Repairs, AC Out, Mold, Tenant Disputes, etc. etc.), and Debt-Collection/Evictions (How to Bleed a Rock.)

L & I in Philadelphia strictly enforces their code and if your as built is in variance with your submitted plans a torturous procedure requires you to submit modified plans and have them approved before the next necessary inspection.

The ordinance also states that it is illegal for any owner to rent or operate a short-term rental of residential property in unincorporated areas of Forsyth County that violates the ordinance's procedures and regulations.

Have policies and procedures establishing how applications are to be reviewed, and screened that are non-discriminatory, and require an application to be fully completed to be considered.

What Ken is doing right now is his normal operating procedure.

Are there any legal issues/procedures (generally or Washington state specific) to be aware of in soliciting and managing a multiple-offer situation for leases?

The lender will want you to go through a title company so they can get a lenders policy, but the procedure is much more relaxed and sometimes they can send a notary to you.