I'm going to be looking a few miles out of Century City for these multiplexes, my fiance and I currently work long hours so it does mean more to us than the average couple to stay close to the city for health/lifestyle reasons, but you are right - looking a few miles out is DEFINITELY worthwhile.

With high leverage your risk exposure grows and also cuts into your cash flow, which also reduces the financial health of the deal.

If you ever run across a realtor who will evaluate a deal for you, then you had better be able to double check the figures like your financial health depended on it.Since so few realtors know how to deal with investors I think sending letters to realtors is a waste of time. 

Expansion can also mandate the inspection of current homes by the public health authority which could result in the loss of rental income due to a home being declared uninhabitable. 

My aunt had a mental health special needs rental in CA with tenants that did not need fire coding so it can vary.

Renters and their neighbors have called health department on mold and rat issues due to the lack of response by company. 

I think this is dependent on the person's mentality, net worth, other assets, health etc.Let me explain.

Do they have to verify they have health insurance , is there something they sign that protects you legally or anything? 

For example, gaining the ability to deduct health insurance, travel, entertainment, etc. while S-Corps and LLCs cannot?

My aunt is no longer in the picture and my Grandma's health is declining so she wanted to give us the house both to relieve the burden of caring for it and to help my brother and I get started on our investment plans.She bought in 2011 for $235k and put in, say, around $20k to partition the mother-in-law portion.