Now I have checked the plumbing and  found no issues and I normally am pretty diligent about repairs and preventative maintenance on my rentals but I don't want to open a pandoras box here.  

I think most of us (who pay taxes) care about general injustice, and don't mind to see the government step in and set up shop to prevent these things from occurring. 

This isn't my favorite income idea but there is no doubt collecting fees is a way to prevent more costly mistakes.

This is simply to prevent giving out financial data to all of the window shoppers.

Make sure outside spigots work, or people will run hoses out the windows and leak water all over your floors (get over any idea that you can prevent them from using water outside by removing spigots; people are going to do what they need to do).  

I have so far not had a vacancy (could happen soon) and only a small cost for preventative maintenance (tree trimming), so I am actually doing better than the bottom line Cash on Cash indicates - which is calculated as the annual NOI/Total Out of Pocket

The primary purpose of the LLC is to limit your company's liability to the company and prevent a judgment creditor from attaching your personal assets to satisfy a judgment against your company.Many people think an umbrella insurance policy is enough.  

@Jesse T.The tax hit is really what has been preventing me from doing this. 

Then ask if the structure is adequately insulated to prevent freezing of the plumbing in there. 

Under contract prevents the end buyers from going around you, at least for the contract period.