I bet Vegas is full of real estate opportunity.

They should just charge more and do a better job.

Tenants die from carbon monoxide poisoning and the landlord was charged with homicide.

It's the slum lords who bypass the law by paying for city water and trash service and then they charge extra rents to make up the difference.

It should include what needs to be done, when they get paid, what happens if you fire them before finishing, that they will pay taxes, get permits, not charge you for work unless agreed in writing, ect ..

Standing here in TX, it certainly appears that rents shouldn't drop in your area, but that doesn't help you much.I'm betting that:a) Your area is being flooded with sfh'sb) Your area is being flooded with an equal number of new renters who can't qualify to buy again soc) Rental rates shouldn't be affected *too* much On the surface, it seems that equilibrium should be maintained.

There is a local company that helps find buyers for this situation; they find buyers who won't qualify for a bank mortgage and thus sellers can typically sell a little higher than retail, charge higher interest, and require less money in repairs to the house.

So, whether or not you have an LLC is irrelevant for the tax questions.In either case, you'll need a partnership return, then each of the partners will move their parts of the profits or losses to their personal returns.IIRC, CA charges an $800/year franchise fee for LLCs.I'd be DANG SURE I had a detailed, written document describing how the partnership would work before I did any deal with partners.

I.E. the interest gets charged on the remaining balance, not the total balance, but the payments stay the same so more goes to pay off principal?

They are the guys who will charge $50K to put in a new kitchen, and are probably worth every penny.