I was told that my credit, income and reserves are all fine so I don't see what the problem could be.

(Whereas PLUS-member @James A. would be fine to ask - within the Marketplace forum)...

@Brent Coombs filing is fine, but the idea is to settle out of court

I think the best way forward is to simply ID another property, which I'm fine with doing.

so we own a 3 story building, it had an old boiler that worked fine, the Tennant had to manually fill the boiler due to no water feeder.Then we had issues with the electrical wiring to the boiler, so I brought in a contractor and I paid him 800 for 2 new electrical boxes in the basement, 575 to fix the boiler and a new pipe that had cracked. 900 for an automatic water feeder, transformer and Lowe water cut off.

That's fine if you plan to hold, but won't work so well if you want to buy and sell.Yes, my understanding is that if the IRS takes the property then they would pay you the money you paid back and interest.  

I think I'd be fine with us keeping our W2 jobs and having two rental properties on the side.

Will you check with the City to see if there are unpaid fines or assessments?

But one of the best ways to get started, I always told my kids if you can afford it by yourself fine, otherwise don't do it, don't depend on your roommate for rent, if you get the rent great, if you don't be wise and have enough saved so your not going to lose your house.

Is this fine or should the signature line just be the LLCs name?