Well you can have a list, just do not mention it out loud.

Should I be leveraging rental property for 30 years at age 52 or should I be paying them off?

Also keep in mind I factored in 9% between CapX and repairs, assuming the age on the major systems isn't too old. 

When you get down to a granular level you have to make room for and build a brand new kitchen which will be very expensive not to mention the rest of the rehab. 

I was able to successfully register my 2nd LLC with the CA, as mentioned, and was re-directed by them to file the LLC-12 which will state all the members.   

A "yes" to any of the above questions may indicate an S election is less attractive.That is why I suggested he get with a cpa and work his specific circumstances.We're in agreement and both mentioned this in our OPs.Doesn’t he have to issue w2s for the employees as a DRE or any other entity or election?

I look at it as i am not entering your unit, therefore notice does not need to be given, as @Neil Schoepp mentioned, do you or your PM call every time to cut the lawn or remove snow ?

It looks like a good rehab was done, should that put me at ease about the age of the property?

Even if they have inspection reports, obvious things are not mentioned. 

This just goes to prove that no matter where you start and even no matter the age there are still competitive loan options out there!