You need to talk with your attorney and tax advisor to determine the best structure for you and your goals.One big positive in LLCs, even though the cost to finance is much higher (more down and higher interest rates), when you get commercial loans, they will no longer be on your credit report.  

That sounds like a very bad idea.

If your client has good credit, I would assume this would be closer to the 2-3% range in NY.

It will auto download and categorize all your bank and credit card transactions, print out reports by category or property, and make tax time a breeze. 

My wife and I are divorcing and I haven't even been able to live there for the past four or five months, but I didn't want to put her in a bad situation paying for the rent all on her own.

They designed a very nice postcard for me and i sampled a batch of about 1500 postcards to a list I provided to them.My results....7 responses (0.46%).The list was Out-of-State owners I pulled from the tax records, of which I got about a 13% response rate using yellow letters.I'm not going to say anything bad about them, I just don't think postcards work well for finding motivated sellers in my area.

I would suggest speaking to local banks and credit unions.

I have complete confidence in their ability to pay their share of rent but my concern is with the City's portion as I have heard first-hand accounts and bad cases where the City has delayed payments, delayed processing of renewal for voucher holder (and thus payments) and lack of communication.Are there folks here who have had a good experience with CityFHEPS and the City's ability to pay on time? 

@Sridhar D. that's a strange reason unless the tenant needs to fix their credit or save up for a down payment to qualify for a mortgage.If so, I wouldn't hold my breath that they will perform.

You should have reserve funds sitting in a savings account as well as credit lines and credit cards for backups.