However, older instances are to be considered more holistically, suggesting a more lenient approach to past financial or rental difficulties as time passes.Exemptions and Protections:Certain properties, particularly older houses that cannot easily be brought into compliance with current codes, are exempt from some source-of-income rules, acknowledging practical limitations in applying these rules universally.Landlord Liability:The ordinance provides protections for landlords in terms of reliance on third-party information to reject a tenant, mitigating potential legal risks associated with tenant selection processes.Fair Housing and Legal Compliance:All considerations of prospective tenants' applications must align with fair housing laws and other state and federal legislation, reinforcing the ordinance's compliance with broader legal standards for housing discrimination.

The investor market for small multi-family properties in Spokane, WA is currently showing stability and potential for growth.

LLC potentially exposes to me Self-Employment Tax; an S-Corp election requires the payment of a salary; my preference is to avoid either.  

A lot of cities in the OC don't allow STRs and the ones that do may restrict them in the near future.

Their projections about future rents and values make pretty graphs but they are simply guesses. 

So if a tenant breaches their rental agreement the landlord cannot require that the tenant immediately pay all future rent through the end of the term.

This typically provides more comprehensive coverage for rental properties.Entity structure:Creating an LLC to hold the property can offer liability protection and potential tax benefits.

As long as you're not discriminating against a protected group you will be safe to decline potential candidates who don't meet criteria.

Excellent terms already negotiated and in place, a long term lease option with a below market price and potential for increased value.

I think getting in a habit of keeping deposits sets you up for stress in the future.