I've done this with my properties because I'm well known in my small town and don't want people to know what I own.LEGAL PROTECTION: By placing your assets in an LLC, you are legally separating them from your personal assets.

Welcome to one of the great Community of people who helps each other. 

People didn't like them, or they were too hard to do?

But eventually you take the leap… you decide to go for it and you tread water until you can swim to the next level of your future.For me, I was about 20 attending a photography seminar as a store employee and the day I heard that phrase it hit me… I’m going nowhere being the employee.  

People are also stupid.

General "return" in 15-20 years (vs. getting hit by a storm and having to cover that huge deductible), longer than the lifetime of a roof. 2.

Also, I've seen several property management companies in the area do a $75+ water / sewer surcharge per month, depending on how many people are living at the property, it can go up $25 or so. 

So 15% down may be needed to hit that mark. 

I also seeing people selling boarding houses in Cleveland from time to time where they're renting out for $2500-$3000 so I think it's definitely a viable model, but like people are saying, you really need a strong property manager to make it all work.Feel free to reach out to me if you want to talk more about management services for something like this. 

The September fed meeting is not go to move the needle as much as people think because the markets have already priced in the rate cut.