All paperwork will be clear via attoneys to protect all investors.

LLC May have some asset protection benefits, and may be a way to handle more than one owner, but not a necessity.

The question I have is when I bought the home I only lived in it for 1 1/2 to 2 years before I got permanently stationed somewhere else, during these last 8 years I have rented it out and have not lived in it, will I have to pay capital gains tax seeing how I didn’t live in for the last 2 out of 5 years or am I protected because I had official orders and had no choice?

You certainly don’t want to walk on wood with nails and such so if you do need to do the flooring earlier than typical, simply cover them with heavy weight red rosin paper to protect them.

With Florida's high population density and increasing scarcity of develop-able land (huge tracts are protected wetlands), it continues to be a prime state for long term holds.

What do you think is the verbiage to include in the ad to protect yourself from the entitles rich?

He prides himself on thinking of the worse-case scenario of any potential deal and how to protect an investor against that scenario.

Unless you’re slumlording it, or in larger MF properties, the hassle of managing multiple LLCs is usually not worth the risk protection.

So this is directly from the City of Minneapolis website where the Renter Protection Ordinance was passed unanimously by the City Council and will go into effect June 2020.  

On the flip side, the units do offer some protection against large expenses that can pop up: roof repair, plumbing, foundation, etc.