One company owns everything and does nothing (this is your SLLC a/k/a “asset holding company”) and a completely separate company handles all of your operations (this is a traditional LLC a/k/a “operating company”) For the operating company which serves as your face to the world and through which you do all your business, you establish a Traditional LLC to carry out the operations of your investments.

So if someone tries to rent from me and has an eviction I am gambling on 2-3 months rent plus 2,000 dollars in attorney fees that they will always pay on time. 

Having lived there is not sufficient to establish a claim if a direct heir (such as their mother) is still alive.

There is not much you can do now to save on taxes except might establish some tax deferred retirement account ,if possible/applicable.

But when I listen to all established guests on BP podcast it seems like they do not like the headache of owning and renting properties.

That means they have established financing for their entities and are never record as an individual.

Thanks to all for your great input and ideas.GC now say new electrical inspection going to happen tomorrow..PM will be there as well...some salty Saturday morning texts managed to at least establish a new attainable milestone...have to wait and see.

Are there any that offer lower program fees if you are already established?

That being said, the newest "tenant's rights" ordinances being considered would make disqualifying a section 8 candidate much more difficult but again, you have to have established criteria you stick to and can validate.  

These standards are specific to you and must be consistent with your wealth vision, mission, values and asset type.Specific investment criteria may include:•Minimum appreciation•Minimum rate of return•Minimum cash flow or cash on cash return•Price range•Maximum amount of investment•Location of investmentOnce your investment criteria is established, you can use it as the key part of your system to identify the right investments for your wealth strategy.Here’s a sample of search criteria (must have):Purchase price should be between $60,000-$150,000Neighborhood should be a solid B-/C+ (Working Class)I want minimum 200+ monthly cash flow or 100/door after ALL expensesRent 1% or more of ARV10-12%+ CoC ROISchools above 6 ratingTenants pays all utilitiesIdeally (or more flexible criteria):I will buy with cash and want to refinance with 25-30% down after rehabBuilt after 1985.When possible, I want to purchase multifamily units (2-4, max 8)I want to spend less than $3,000 on inspections and closing costsI want to spend less than $10,000 in initial repairs and rehabValues we use in our calculations:5.5% interest rate, 30 years10% vacancy6% repairs and maintenance6% capital expenditures10% management fees2% annual income growth2% annual appreciation growth2% annual expenses growth6% sales expensesUse It or Lose ItThis system (as with all systems) is only successful when it is used properly and consistently.