Considerably less time is consumed being a landlord

Be sure to work out a general framework with your partner on how important issues should be considered which you can provide to the lawyer so important considerations aren't overlooked or assumed.Should you decide that separate LLC's are preferable you can always buy individual properties in a property specific LLC or with a Tenants In Common title splitting the ownership interest of each LLC on title. 

I don't take appreciation into consideration and maybe others do, but how do they know prices wont come crashing down?

@Kevin WangI forgot about cosigning thats definitely a consideration.

Also, regarding cabinet heights, I usually have it go straight out the roof or at least into the attic then out a side wall of the house.

Even if you bought at the height of the market back in 2007 your home is worth more today than it was then (unless you bought in very rural area) most areas in Utah have come back.

An additional consideration for rentals is whether to insure for "replacement value" or "actual cash value".

.#2 Jacksonville, Florida Contrasted with a considerable lot of Florida's other huge urban areas, Jacksonville is a lot calmer and does not have the gigantic herds of tourist guests.

Your rehab costs should take into considerations the area you are in (potential tenants' expectations) and how you want to market your property (high-end, mid-range, low-end).

She accepted my several letters of recommendation with a smile and told me the bank would take them into consideration when trying to ascertain my credit worthiness, as none of the properties/mortgages in my portfolio would be on a credit report.