1) Actually the LLC income will go to your individual tax return unless you elect to have the LLC treated as a corporation and do not elect for it to be treated as a S-corp.

If they elect to move after their lease, I could probably fetch another $100-150 / month.- I am extremely jealous, reading posts here about areas where $1000/month rents are acheivable on properties costing < 100k.

.- Interest rates will likely drive the deflation of the market, but with 2015 being an election year, I think it's highly unlikely that there will be any significant Fed changes before 2016. 

In January, the median price was $250,000, and in July rose to the current median price of $300,000.Mortgage interest rates seemed to be "moving in the wrong direction", according to Michael Theo, President and CEO of the Wisconsin Realtors Association.

Also, an LLC can elect to be taxed like an S Corporation.While there is never only one answer that is correct for all circumstances, there is a general rule that is almost always the correct choice.

But if politicians reduced barriers and housing became more affordable, then what would they run on for the next election?  

I've been a landlord once before, and a president of a 160 unit homeowner's association, so I have some experience, though I'm finding there is so much more than I've experienced thus far. 

I will be starting elections and try to work with them at the same time.

Can't wait.Fourthly, again something Jay said about turnkeys.Back in 97, Tony Blair and the Labour Party won an election in the UK.

Finally, the last crash accelerated into the 08 presidential election cycle.