I came to the conclusion that I should be stashing at least $466/month away for those times when big ticket items need to be replaced (repaired).In addition to this, I try to do as much preventative maintenance on these things as possible, and the money spent on this DOES NOT come out of the capex account (rather, general maintenance).I set up an online savings account through Barclay's https://www.securebanking.barclaysus.com/login.do  due to their favorable interest rate and no cost.

But I adhere to NYC heating laws since they are more favorable to renters.)I have coin-operated laundry in the basement that is accessable via an outside door.What I want to accomplishAllow tenants SOME control over heatBetween the hours of 6:00am and 10:00pm, if the outside temperature falls below 55 degrees, the inside temperature is required to be at least 68 degrees Fahrenheit.

Can't blame the HML for pricing risk to their favor- it is after all their business model. 

Im fairly new to the landlording world my family has been doing this for decades and they still collect rent the old fashioned way by driving door to door calling renters and waiting around for hours.

The law favors the rights of a lender over the rights of a borrower, that may not seem so in consumer loans, but it is.

Guaranteed payments represent earned income to the members, thereby qualifying them to enjoy the benefits of tax-favored fringe benefits.As a member of an LLC, you are not allowed to pay yourself wages.

Don't do favors.

The two years of continuous employment is in your favor.

So, if we put money into it, would we really be doing ourselves a favor?

You may be able to find a local lender or private lender but rate and terms may not be as favorable.