Some are based upon one employer or one industry and any impact to that one could degrade your investment.  

Hello all,, My parents( no green card/permanent residence- yet))  want to invest in a rental property in PA- full cash.1) Is it better to own it inside an LLC or under their own name? 

Ok @Blake Lawrence, a quick search of the HomeAway forums had Erinn the community manager make this statement last year:"When partners cancel, it can impact their ranking.

Trying to squeeze 5% more out of the property has a negative impact.

With our other assets, I am quite comfortable that I can withstand a GR type impact to housing.You need to balance your comfort level with the benefit of leverage.

But feel it is going to negatively impact landlords by further scrutiny(and new regulations) from the government which will harm tenants on down the road.

Or any tips on what renovations will make the most impact? 

We were not impressed until we came across a contract sitting on the swollen formica kitchen countertop that the former owners signed which basically read that whoever became the new owner would inherit $67k dollars worth of free renovations.We got impact and sound insulated windows and doors, a NEW AC unit and AC ducts, insulation in the attic, they increased the amps to the electrical.

Would you dump money in to attempt to correct it permanently or cut losses and try to sell?

.#6) This does not reflect the complete impact of rent control regulation.