Has anyone been paid by them after going into business? 

There would be the cashflow from the rental property, of course, but that would be largely mitigated by depreciating the property.

I can save alot of money by just building a new house.

Financially this deal makes sense; however, I am concerned with the safety aspect… I must live there for a year since I am looking for an FHA loan.There are areas close by that i know can have criminal activity but I am uncertain about this specific area (1-2 mile radius).

I got burned by someone bringing in more guests than my max occupancy once.  

. $1,402 divided by the 4 bedrooms gives a rent of 350.5, and I believe I could charge $355.To attempt to calculate the return on the property.

Those investors who want the LLC but won't pay for it (ie move Title back and forth and get commrecial fiancing) APPEAR to be messing with their corporate veil anyway.Its up to you, but you should do it correctly.Oh, other issues with moving TItle back and forth include invalidating your Title Insurance policy and decreasing the validity of the Chain of Title by using quit claim deeds.The protective benefits of the LLC are commonly touted. 

*This link comes directly from our calculators, based on information input by the member who posted.

@Eli KantorIt’s going to be a market by market issue.

> Military husband/wife buy new home, divorce, stop paying note and hoa> Husband is erroneously removed from title by tax appraiser, HOA forecloses on wife, I buy home at auction> Now I am on title, wife and husband on note, bank cannot foreclose because husband is protected by SCRA > (more on this in the above post, but husband does not want the house back)A while after moving in I discovered water damage inside a wall where rain has been getting in due to needing a new roof.