Bremner @Brian R. is correct in Minnesota and I suspect nationwide.  

As a relate observation, if one were to use a foreign domiciled corporation to hold Canadian assets, I suspect there are several countries which would provide more tangible benefit than the U.S.A.

There may be a legal benefit in terms of liability coverage, but I suspect a decent insurance policy would cost you less than the cost of preparing three 1065s and an 1120S every year.

He cleans up after his dog right away and the interior of their unit is cleaner than most of our units.The other ESA tenant we have is in a unit that we allow pets so they are saving the pet rent and deposit only (and happen to be over our animal limit (2) but I suspect we could have been hard assed and required one of the other two dogs (pets) to vacate to add the ESA (a roommate situation)).

I suspect most small bidders won't want to pay much because they only do a few bids.

frisco is still muy caliente, and I suspect the better areas of Silicon Valley/peninsula are as well.

I would let her stay.Enjoy the decrease in credit risk offered by government now assuming the payor position.Good tenants offer value beyond their cashflow.The certainty they provide, in a business otherwise full of gotchas, let's one focus attention on higher value opportunities in business.Lastly, judging from thoughtful advice you offer of a personal nature on BP podcasts, I suspect asking her to leave will eat at you karmically.Stand in front of a mirror and imagine telling your favorite math teacher that you've grown up to be the kind of person who is so successful that you ask old lady tenants to leave after six years of great tenancy because their finances weakened to the point that they needed section 8 assistance.It is a business but there is room in it to be thoughtful broadly in the way that Bruce and Michelle Fischer approach it.The contribution you make to your tenant and your community by letting her stay will be paid forward to you in some other way in the future.I would let her stay.

But I suspect that they're actually functional.

And if your leveraged up and have lets say mid west assets with limited marketability and suspect equity whats there to protect.

Quote:-"Some neighborhoods are not insurable through private companies and you have to buy through the State Run Citizens Insurance"I have not heard of this but will certainly investigate. thank you for the heads up.Jessica, yes as you suspected the difference in price between a 10-15yr old property and new is around 25k which for me is quite bearable as i live out of state and intend to self manage for the first time.