Not worth the hassle and extra paperwork.

Downsides included extra time to find the right lender, but nothing "bad" happened.

Go the extra mile and review the data.

I put mine in an LLC just because I like extra risk protection for liability.

That gives me an extra $2,225 per month of income.

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.

But by getting dirty (lol) he found that the hoarder was into photography left hundreds of cameras and photography equipment which he has sold and is still selling so far has made and extra $75k above and beyond his initial expected profit.

Con. placing your name to extra debt.