That means you will report the activity on your personal return (if this is rental real estate is will be on your schedule E).In most instances, rental property is setup as a partnership.   

If it's set for domestic hot waster temp of 115, we have room to play and improve your system.

I don't know much about out of state LLCs but in CA there's an annual $800 fee just for having an active LLC so I'm definitely trying to avoid that since this would be a pretty small project and that would be a decent chunk of cashflow.

I agree that section 8 is sort of a better play in a certain neighborhood.  

Do anyone know how the assumption of a mortgage would work or how it would play out?

I feel as though I have a strong understanding of a few strategies and I'm ready to go from constantly analyzing deals to actively looking for deals. 

And not to forget i am an active tenant.

I love running, eating and playing the piano.

But you should at least attend some meetings and let them know you are a homeowner in the community and that you're interested in being an active participant.

This sounds like gang activity.