NH isn't any kind of landlord paradise but relatively speaking it is much better to be a LL up there.Other factor is where do you actually live?  

Come to find out later, he had a coke problem which didnt help the situation.Then, about 3 months after that I discover that the septic system went bad and needed to be replaced.

Since posting this, I've contacted two of the four siblings and I've discovered that:1. the house has a reverse mortgage on it (the $98,500)2. one of the siblings lives right next door and knew about the reverse mortgage3. the other 3 siblings were unaware of the reverse mortgage, and therefore do not want to move forward with opening succession because they are uncertain about what debt responsibilities they might incur.I've done some research online regarding "successions" here in Louisiana (referred to as "probate" everywhere else, from what I understand) and from what I can tell, they shouldn't have much to worry about unless they were co-signers with the deceased on debt related obligations. 

U S U A L L Y,  as goes Orange County, so goes Riverside County, six months later.

Question -- do you set up an LLC for each individual property typically or one for all your properties?Thanks for any helpRob

Hi folks, so I just discovered this forum stuff.  

But after having an inspection, plumbing inspection and foundation inspection done, I discovered that the house actually needed close to $100K in repairs.

I don't think there's a special need to let the applicants know about the $990 candidates.IMO, I'd leave the $850/month tenants alone unless you discover that they are problematic.

Hi I am still a newbie looking for my first deal, and I have recently discovered HUD homes. from what I understand there is no limit to how long you have to hold a property before you can sell it.

I, too, am new to BP but I am already discovering it has a great deal to offer.Brian