So even with all the profit/loss passing through, we still pay $250 to maintain the LLC's status. 

@Anthony SimboliYou can go to ASHI.org and search for a certified one, they passed a battery of tests to become certified and follow a code of ethicsPaul

Rarely does a day pass without an investor asking whether they should use an LLC or not.  

He gets paid $100 every weekend to keep about six houses clean for an elderly woman who's husband passed last year.

I work out of the Cleveland area, and here some investors are starting to pass along water costs to tenants. 

I sent a final rent payment to the apartments after she had passed away.Others have given you lots of good feedback. 

The owner inherited it from his mother who recently passed away.

That way you can gain experience, and know how to properly manage your property manager when the times comes for you to pass on those duties to someone else. 

Add a marketing fee in the deal for your efforts, before passing the deal to the end buyer (You could label the fee with whatever suits you).

I've been inspired by the most recent podcast to give a quick property update:  Current Occupancy:  98% (was 100 but 98 is probably a good consistent rate)rents are now up to 495 for a 2 bed and 595 for a 3 bedroom... water has now been passed on to almost all of the tenants and will be complete here in a few months when the last remaining leases are renewed.Turnover costs were higher than anticipated as we had approximately 40 people move out so that absorbed all of the cash flow.