Bought a triplex in 2015 for $800k (Wash Park, Denver).

As for the smell, remove floor coverings such as carpets, remaining drapery, wash walls, and paint.

It tends to be a bit awkward organizing so the tenants wash by hand.

It is easy to access the supply lines for toilets, sinks, dishwashers, washing machines, and outside spigots.

My feeling was he thought this was too risky at this point in our lives.

It may lend you a little privacy, but folks who want to find you will just look up who created the LLC and then find you.That being said, in MO, they are incredibly easy to set up, and are not that expensive to establish (~$50 last I checked, although that may have gone up) and doesn't require any input from an attorney or tax professional (in my state)Personally, I have an LLC bc I pay myself through an S-Corporation as a realtor...the savings come out in the wash, but it allows me to pay taxes quarterly and avoid end of the year surprises.Another reason you may need an LLC is if you are investing with partners, and/or seeking certain loan types ( I know hard money lenders often require an LLC)Once again, this isn't my wheelhouse, so at the end of the day, I would reach out to a tax professional to learn moreLong answer short: in my opinion, you do not need an LLC if your plan only involves renting out your inherited home

More likely if there was going to be a downward trend in the NE it would happen over many years at which point someone with their eye on the market would notice and could get out before their returns were washed away.  

The amount you need to wash off the panels depends a lot on the location, if you live somewhere dry and dusty, they'll need to be washed off pretty regularly, but if it rains and snows where you are that will get off the dirt, except in those really dry and dusty climates, it's not generally that big of an issue.

Hi Guys - I'm looking into my next investment and I came across a car wash.

They don't even have the convenience store open, just the drive through car wash...