Next step: we were going to transfer the house to the LLC, but quickly learned that there is a transfer tax in Philadelphia (4%), which will cost us thousands and make it a non-option right now. 

If so, you could be looking at tens of thousands to convert to sewer in the future.  

If the second property is a real deal then you can always wholesale it out and net a couple thousand dollars on the deal.

I have seen cases of mold in ductwork causing thousands of dollars later, and the inspector pointed out the language in his report that said all he had to do was make a good faith effort, that nothing was guaranteed.  

There have probably been a thousand threads here asking how to become a private lender, @John Dombrowski , so you might do a search.

Successful direct marketers mail thousands of post cards weekly.

I have put in about 15 thousand in upgrades over the years(have all the paper work to prove).

I bought this condo in cash as well as other 5 condos, (no lender)So literally it's way far from the negative cash flow.

Over a thousand jobs have been lost. 

The problem is there are thousands of pages of tax code and they are constantly changing things.