The cost of renewing an LLC or changing the title is absurdly cheap unless you have one of those law firms that advertise a lot and have a huge advertising department and claim to have a secret sauce that guarantees protection. 

Next year, your income may change; your family or tax situation may change; tax laws may change.

Because FF is not a booking platform, make sure you follow all applicable fair housing laws when talking to potential residents.5.

Downside is good cause eviction law passed back in the fall.

It is my understanding that a CPA is only responsible for making sure you follow all the laws when filing taxes, but there is another role that is responsible for tax strategy and focuses on tax savings. 

I added RE into the portfolio as a way to really stash cash; there's an inflection point of a lack of homebuilding, laws against it, a devaluing dollar, and population not necessarily growth but saturation.

You've probably heard of big Landlords losing property, but only because they were flagrantly violating Fair Housing, running a slum, or otherwise egregiously violating the law.

Or else reduce enough on price to deal with an eviction from an illegal unit.I don't know Chicago laws, but in NYC if you have an illegal unit, the tenant occupying it seems to have more rights than the owner does and doesn't have to pay rent... 

Choose non-judicial foreclose states with pro-business laws like Texas and Georgia.I have several high worth individuals who fund rental RE in GA earning 7-8% APY on 5 to 10 year terms.

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