They will help outline those parameters/requirements to keep yourself safe while staying profitable.

Save the LLCs for segregating investors or for joint ventures where a business structure is needed.Brian has my vote for best post of 2016 here on outlining how the duty to defend, which you get from your insurance not your llc, is often key ( and I like a landlords policy with all bells and whistles plus an umbrella, as I have just few residential as small scale landlord with only  1-4 unit property) .. the cost of the defense now may eclipse the liability in some cases and is present even if you prevail..so insure properly whatever you decide for an entity......Other cons, you may also lose the ability to represent yourself in an eviction and have challenges in financing and refinancing as mentioned  ( and I won't get to due on sale here but search that on BP for more discussion there)...

If I take partial money from a tenant to hold a place prior to move in I will fill out a non-refundable deposit agreement that I use outlining what the tenant has paid, what is still owed and what date they must provide the remaining funds by otherwise they will forfeit their non-refundable deposit and I will move on to the next tenant.  

Hey BP, I'm a wholesaler here in Raleigh, NC and I recently purchased a new list that outlined two criteria.

Those in town areas tend to have very high property taxes compared to outlining suburban areas.

I like the suggestion about attaching spreadsheet outline 'why'; however, wouldn't want to get caught up in the weeds of 'he said / she said'.

Account ClosedThe following IRS website does a good job in outlining the self-employment requirements. 

Hi All, I'm currently reading Brandon Turner's book and he outlines a few example investment plans (e.g. achieve a net worth of 1 million).

Basically think of a big outline where you can expand and collapse each bullet point and you can zoom into any bullet point.

Ask if there are any any additional fees for maintenance, advertising, evictions, etc... and make sure they are outlined in the agreement.