You still have to deal with late payments or non payments of the tenant portion.Section 8 inspections are generally more involved than just health and safety.

The inspection is a health and safety inspection, and fairly routine. 

They represent the poor for almost free.

There are a lot of groups that have limited or poor internet presence, this could be a good opportunity for BP since it is already positioned as the go to real estate networking/information website.  

Don't pierce the corporate Veil: This can occur if the entity either is poorly capitalized.Inadequate Initial funding of the entityor fails to maintain a separate identity from its owners ( using the business bank account for business purchases, maintaining separate books)Conversion of entities Assets for Personal Benefit:Another factor that poses a risk of piercing the corporate veil is the draining of entities assets (such as payments of large salaries to shareholder-employees) that leaves the entity with inadequate resources to pay its debts.Do not commingle personal and LLC assets.Maintain a separate LLC bank account.Execute an operating agreement.Follow the provisions of an operating agreement.Have LLC member meetings according to the operating agreement.Title property in the name of the LLC.Maintain insurance on LLC property in the LLC's name.Sign all LLC documents in the LLC's name, not the members' names.These steps will also provide a better defense against other creditors attempting to show you pierced the corporate veil.So,  put the money in the LLC's Book as capital contributions from your partner, and use the moeny for the transaction.Also, although I do not know the extent of the business you have conducted so far or will in future, you should consider electing S-corp. 

Call the health department and say "someone might die due to heat exhaustion because house 123 main st has people living in the garage". 5.

Robert Kiyosaki agrees and he is that Rich Dad Poor Dad guy, so he must be right. 

It'll discourage from calling whenever you have a question - and will lead to poor tax decisions... all because it sucks to get small bills for just having a phone call.Hire one that you pay the same each month- it'll keep you on the same team and allow you to extract the maximum amount of value from them.Conclusion: Either would work for you right now (option 2 may be a slight stretch)... but if you plan to continue expanding, consider option 2 eventually.

This was poorly designed from the beginning. i'd be curious to see how this stands up in court, if it ever gets to court.

The Property Manager shall not cause any undue delay in refunding or accounting for the security deposit.Article 5: CARE OF MANAGED PROPERTIESThe Property Manager shall hold a high regard for the safety and health of those lawfully at a managed property and shall manage all properties in accordance with safety and habitability requirements of the local jurisdiction.STANDARDS OF PROFESSIONALISM§5-1 The Property Manager shall not manage properties for Clients who refuse, or are unable, to maintain their property in accordance with safety and habitability requirements of the local jurisdiction.§5-2 The Property Manager shall terminate management of a property if the Client does not comply with habitability requirements.Article 6: HANDLING OF FUNDSThe Property Manager shall hold all funds received on behalf of others in compliance with state law and shall not commingle the funds with personal or other business funds or use the funds for other than their intended purposes.STANDARDS OF PROFESSIONALISM§6-1 The Property Manager shall keep appropriate records and shall prepare and furnish to the Client accurate and timely financial reports relating to the Client’s rental and funds in accordance with the terms of the applicable management agreement.Article 7: AREAS OF EXPERTISEThe Property Manager must provide competent service within his or her area of expertise, and refrain from the unauthorized practice of any other profession for which he or she is not licensed or qualified.STANDARDS OF PROFESSIONALISM§7-1 The Property Manager shall perform only such services in such locations for which he or she is qualified and can reasonably be expected to perform with professional competence.§7-2 The Property Manager shall not perform and shall not represent that he or she can or will perform services outside of his or her area of expertise, particularly services that require a separate license or qualification – such as law, accounting, financial planning, construction, and/or contracting – unless the Property Manager independently possesses such license or qualification.Article 8: COMMITMENT TO FIRMThe Property Manager shall act in the best interests of his or her property management Firm.STANDARDS OF PROFESSIONALISM§8-1 The Property Manager shall not have any undisclosed conflict of interest with his or her Firm.