This is great for investors looking to reduce their tax burden, and build long term wealth.

The way to reduce water usage was either to put bricks in the tank, fill a milk jug, or adjust the ballcock to reduce the water usage.

Your tenants can reduce their risk of loss by keeping the place tidy and helping with showings even while they still live in the unit.

This can also reduce your homeowners insurance premium, so it’s important to run the actual numbers on a specific property to accurately project cash flow.

@Steve Hyzny Assuming this is a rental property, not a primary eligible for section 121....Yes, you pay cap gains, and yes you pay depreciation recapture along with tax on the interest income.When you receive money from a financed sale, your money basically has 3 classifications...Let’s say you bought for $100k, sold for $140k (net after swelling cost) and took $10k in depreciation.My understanding, but verify with your cpa....1) 2/3 of the Principal and down payment you receive will be return of initial basis, no tax2) 1/3 of principal received will be subject to cap gains and recapture tax (I believe the recapture gets recognized first until fully taxed, but not sure)3) any interest received is taxed as interest income 

Should I start a new LLC for each new property in order to reduce liability over lawsuits?

If you can, and there's track record and credibility there, it wouldn't reduce my perception of value much.

FYI, one last note, I originally listed this property at 209,900 & reduced it down to 199,900.

It'll drastically reduce your living expenses and help you save up money for the next rental.

It will go a long way in reducing your risk.