That way you will be ready to go (and hopefully avoid common missteps) as soon as you have cash to invest. 

Anyone who doesn't have the common sense required to keep their tenants safe from death ought not be in this business.Go pour yourself that bourbon and think that last statement over.Maybe you should get evicted from this business before you kill someone.

This is an old house in NJ and is common in the homes.

@Steve Balinski - you mention that you (sic)listened to MANY BP podcasts.....what is possibly the most common theme with the various guests?

Is this common? 

In most parts of the Baltimore metro area the water bill must remain in the name of the owner.It is common for tenants to pay the water bill, but is the owner's responsibility to collect water reimbursements. 

We’ve seen most cases from people who are defying common sense: beaches, Mardi Gras, other large gatherings, as well as direct contact within family units.

For some of us, this may mean temporary loss of employment, or a reduction in income.We stand with you during these times, and it is imperative to work together to get through them smoothly, taking each other's needs into consideration and embracing a team effort to overcome the potential effects of this experience.We are committed to coming out of this with each of our tenants and their families in the same position as we are now.

Common laundry rooms.

I have heard it is a very common tactic to refinance into a personal name, and then move the loan under the LLC name, and while there is almost always an acceleration clause involved in a mortgage, they are rarely called due, because the lenders only care or are even alerted when the mortgage goes into default.