You want to see if your country has some relief from double taxation.

Focus on the ratios.if you gave someone my business card with your name on the back- $400.If you gave me their name, address, ph#, pain point? 

The most painful lesson was that life isn't always fair.

There will always be a few uncouth ones to deal with...If that happens...its a painful hit that will be difficult to avoid...cross that bridge when we get there?

Option 2 can get super expensive super quick and you essentially bought an investment that declines in value over time, especially depending on price point, not to mention if you want to properly record it it will be a pain in the butt and the lender likely would have issues with that type of arrangement.

THe painful part is sorting through the garbage.

It's painful because I'm new at this and want to just approve them. 

@Brandon Konek -- What a relief it is to find that someone I know irl is finding success in this biz.

IT was a pain but, it didn't keep us from renting the place. 

PA, in its infinite wisdom, requires payment of real estate transfer tax even if you transfer a property from yourself to an LLC you own - it might be a pass-through entity for IRS purposes, but the state wants its transfer tax anyway.