@Waldy CornielLLC Tax Benefits for Rental PropertyOne of the major advantages of using a limited liability company for your rental property is pass-through taxation.This means that the LLC does not pay taxes; the business owner pays the taxes, thus eliminating the double taxation that occurs if you were to form a corporation instead.

My sense is that it may be easier to have a plumbing company come in and fix the 2-3 leaks in the building and then inspect the other units (on the same day) for the same issue than to have the same repair occur 4-6 times over the course of six months.

If something were to occur a 3rd time, in my opinion, this would cross from a gray area to negligence on my part (with the exception of a severe storm or weather event similar to the first storm).

When this type of issue occurs we send a notice of lease violation, curable in X days, just as @Greg Scott said.

In countless cases, LLC's have held up to piercing of the corporate veil and sufficiently insulated people from being personally sued, which is huge.If you are determining to form 1+ LLC, based on how likely a problem is to occur...

Cash out refinance) would occur - you can then pay your HELOC funding back.

I’m in Las Vegas close to the north side and I would say the area is pretty bad outside of the community but I honestly wouldn’t think a break in or otherwise would occur.

The homeowners insurance would be paid by owner and if any damage occurs I would just receive money I invested. 

Significant shift has occurred, where a few years ago, you might of had the investors arguing that the Austin market a cash flow market, NOT NOW!

That being said, I would put money that WF (or whoever currently services the loan) will never have a clue the transfer occurred.