(Small MF's on normal sized lots being torn down are generally replaced with townhouses that are sold off individually;  or they are building SEDU/aPodment beehives;  nobody seems to be adding or replacing 4-6 unit apartment structures with decent size units)   Also if you are looking inside seattle proper,  be aware of all the additional rental regulations in place there which I love to rant about.   

The same balance today on a 30 year, 5% note will be $708 plus tax & insurance.  

Having a balance of both types of property would be a good way to go

I am starting to think about the proper legal framework on my rentals to protect my personal assets/credit (such as an LLC, S-corp, etc.).

It's easy to get caught up in the fervor of the market & "everyone buying" energy & lose focus on the balance sheet long term.A business acquaintance of mine runs a large Team at an SGF area KellerWilliams, she told me most of her agents will likely have a slow summer, due to low inventory & high purchase prices.

It all comes down to the numbers so I suggest you get familiar with how to properly analyze a property and take it from there.

I have found what works for me (lending, rentals, etc.) and smile every time I look at my savings balances. 

That said, the state only cares that the violations are abated properly. 

That dissipates after time when the balance starts to creep up.  

But Itemize it and send them the balance due to them if applicable to their last known address.I hope I have answered your questions and helped you understand the deep details of the timeline that involves the 7 Day Notice to Quit and the 30 Day Notice of Termination of Tenancy.