If you want to deduct losses as an LP, you must materially participate as a GP also.Various Sponsors (including Lane): Yes, it can be done I am also attaching a IRS Publication:  Passive Activity & Risk rules

If so, take photos of the place before you clean it and send a bill to the last known address including any cleaning costs and unpaid rent. 

Buying a 4+ bedrooms with a bonus room or flex rooms they’re able to charge from $650 to $750 per room including utilities.

I'm live in Old bridge, NJ and due to high property taxes in New Jersey, PA seems like the best state to invest in(Tavel time ) I'm trying to identify rental markets and research, while trying to establish a team.I've done some research and came up with a few areas in PA include Allentown, Lehigh Valley, Bethlehem, Scranton, reading and Kutztown I'm hopping to cash flow between $100-200 per unit is possible (with property management), and can reasonably expect some appreciation in the next 10-20 years (2-4% per year would be ideal, though achieving positive cashflow on my first purchase is my #1 focus).

But now he is staying so we decided to play the cat card, and told him that per his lease pets not allowed and if he would like to keep it we will need to amend his lease to include additional $100 pet rent plus collect additional security deposit.

Tax benefits with or without an LLC are effectively the same.The best protection starts with 1) ensuring your property is in good condition 2) following the law 3) having good insurance, possibly including an umbrella.  

I've included an example below to help illustrate this.So different lenders have different rates (which do vary even for DSCR loans) but these are factors they all consider.See example below:DSCR < 1Principal + Interest = $1,700Taxes = $350, Insurance = $100, Association Dues = $50Total PITIA = $2200Rent = $2000DSCR = Rent/PITIA = 2000/2200 = 0.91Since the DSCR is 0.91, we know the expenses are greater than the income of the property.DSCR >1Principal + Interest = $1,500Taxes = $250, Insurance = $100, Association Dues = $25Total PITIA = $1875 Rent = $2300DSCR = Rent/PITIA = 2300/1875 = 1.23DSCR lenders generally let you vest either individually or as an LLC.

Provide them with a list of properties that you have flipped in the past including dates, addresses, amounts, outcomes, etc.

I thought about including our umbrella but didn't want it to cause confusion.

HI @Michael Potorti in that price range I would add to @Samuel Diouf and include the east side around Whitehall.