Allowing criminals to simply walk away scot free is a unfortunate side effect of having so many unprofessional landlords.

You need a different CPA.. he want you to change your legal structure so "financial reporting" is less of a headache... financial reporting is what you are paying him to do for you..Two other points:I am sure that the bank will not care who is on the LLC if your wife co-signs the loan.The point of an LLC is liability protection, it does not matter if it is sole member or multi, as long as you keep it separate you are okThird bonus point: if you file jointly, the change will not effect your taxes.

When a PM is effective, screens well and performs to your satisfaction - - smile and write the check!

My property manager has suggested that I send out a letter at the beginning of March describing what the rental increase will be and that it will be effective April 1 and require a new one year lease (6 tenants are on month to month) his reasoning is that if we are to have vacancy it is best in the spring/summer.

Between the podcasts and online content, BP has had a tremendous effect on my REI path.

Class of property and rent rates can also effect Vacancy rate.  

When my brother paid towards the monthly 'mortgage', he got a greater % of the house, but according to the contract he could pay nothing and effectively live rent free for 20-30 years.

I believe there are different Heloc's out there but under normal circumstances paying down any amount on a Heloc, would indeed make funds available for use again.My question is dealing with Heloc's, and I don't mean to take the focus away from your scenario @Scott Ellis, but I wonder if using a Heloc has the same effect on your DTI and credit score as any other debt product?

There is like 5 steps for move in and move out and if you mess up either one of the 5, the tenant can go after you for treble damages.If you've got rentals then it's a business and I find the Security Deposit is very effective to keep my places in decent shape. and it ain't that complicated to handle a Security Deposit.

I don't think there is any detectable effect now.News of it at http://www.paloaltoonline.com/news_features/storm98/paw_print.html