I would err on the side of 10 spaces per 1,000 sqft of space when it's a restaurant, 3-5 spaces per 1,000 sqft of space when it's a retail/goods tenant.

(If you can't tell I'm a data junky and definitely err on the side of over-analyzing.) 

I almost missed an opportunity to close on my first house, due to an erroneous change of the title company in the contract.

I would err on the cautionary side. 

Then again you may be able to file a harassment charge against the neighbor and use the city as support that she is harassing you AND wasting tax dollars but having the city come out and investigate erroneous claims.I would just apologize to the tenants and reassure them that you are going to try and work with the city to get the harassment to stop.

I also agree that comps can easily be manipulated to show erroneous values.

Personally, I think you can make an argument either way, especially if you don't have many personal assets to protect should something go terribly wrong.That said, I err on the side of others who have responded already, and would recommend taking the plunge to set up the LLC.My brother will be purchasing his first rehab investment property next month, and my advice to him was to set up the LLC, meet briefly with an accountant and an attorney (just to have people to call in the case it's necessary) and apply for a business credit card and business bank account to ensure that he's segregating his money for better accountant and to support his future tax returns.

Many people erroneously post in the Renter's Discussion forum.

Erroneous double post...

Many people erroneously post in the Renter's Discussion forum.