I would recommend talking with a lawyer and an accountant - preferably both at the same time whether on a call or in-person so you can learn about potential tax benefits/drawbacks and if an LLC is right for what you're doing.Also, spend the extra $200-300 and have the lawyer draft you an Operating Agreement - especially if it's not just a single-member LLC and you have partners. 

He is now on our forever team because getting the loan is critical but also because of the extra service he has provided us.  

I know if I can get a 3-4 bedroom house I should be able to charge 4-5 hundred a month per room which if I get the mortgage payment low enough then covering that, property tax, insurance, etc. should be doable with a little extra to put back towards any unexpected expense with the house.

It helps me not to grunt out my ambitions or howl out my ignorance in the standard manner, maybe put up shots of my wife and boast at 70 that she's thirty years younger than me and as limber as a teenager.

Con. placing your name to extra debt.

Plus there are extra charges for sewer jets, machines, etc. my question is— how the heck did beer bottles, soda cans, and what looks like a piece of siding get into your sewer lines?!

Make sure if you invest outside your local market that you find *great returns* (not good but great) to compensate for the complexity, extra travel costs, etc.

Adding more equity with some extra work for a few months. 

If you were trying to refi out of a hard money loan, that's a case where it would make sense in my mind to pay those extra fees since your interest rate would be so much lower afterward and you'd be paying off principal every month. 

Homes with extra space for a home office could become more desireable.