It's an unfounded claim and the benefits of an LLC are real but often greatly exaggerated.

Renters are screened by the government and lose their section 8 status if they tear up properties and they don't want to lose the benefit of the government paying most or all of their rent. 

There are benefits to both you and your tenant to have a fixed lease.

@Ed Adrian I would have to crunch the numbers to see the benefit.

I immediately reinvested a significant amount of profits back into marketing, and I am reaping the benefits as I am typing this.

Dear BP family,As I'm preparing for my next investment purchase, I came up with a question.In case I buy my next investment property on my personal name ( not on LLC) and I'll obtain a mortgage, will I exhaust my first time home buyer lower interest rate benefit or I get to keep this benefit until I but my first primary residence?

Hardly a week goes by when I don't hear about another study about the benefits animals bring to humans, for cancer patients, autism, Alzheimers, etc.Nevertheless, it remains a fact that there are people out there scamming the system.

Is that the only way to receive tax benefits?

Are the fees and everything worth the tax benefits when talking about this amount of money?

With a first walk through I'm more concerned with risks than benefits of adding rooms/baths, etc, because I'm looking for buy and holds not short term flips.Biggies (for me, other people will have different lists): foundation issues, roof issues (look at the roof itself and any signs of water damage on ceilings and walls), mold (beyond a little where things need fixing), leaks in showers that are hard to get at, squishy subfloors around toilets and tubs, termites, knob-and-tube wiring, ungrounded, two-prong outlets, no central HVAC (this is all about your location, some places this is fine), and to a lesser extent water heaters.Heavy duty foundation or mold issues I would pass up, the rest I would consider in my offer price.