Trusts do have benefits, but the costs for you at this juncture may outweigh those benefits.Often times, what people truly want is to just be protected in the event the unforseen happens with the property, and thus, a solid, robust insurance policy is often the most cost effective route at this point.

What if the $2,600 sewer repair actually should have cost $4,300?

One owner is looking to exit to middle to high sevens on yield on cost.Cap exits are high 5’s, low 6’s for some Class A product.Turnover cost projections should escalate: $500 first year, $850 second year, $1000 third year.Consolidation and density of BFR assets can be an issue for insurance companies.

The second tenant stopped paying and it took me 4 months to get them evicted and more turnaround cost. 

Tax effects are also key, as some investments can save you money on taxes.

It costs about $200.

The LLC has no impact on the effective tax rates.Also if you acquire a property for the purpose of flipping, that will always be Ordinary Income, also likely subject to self-employment taxes.That particular sales event has no impact on the taxation of your normal rental income from other properties. 

Financially we could cover the cost of the homes sitting vacant after we move if we do not find renters right away. 

 Hello,I have 3 single family rental homes aprox net value after RE commissions-Closing costs for the total ($560,0000-580,000). these 3 are all paid off. 

So if you could add some specifics, we could actually read the text and give a better opinion.But if you know the ordinance is legit and the city says so, then the only way to "get around" it is to do it illegally which could cost you much more in the end.We really try and not advocate breaking the law.