But I also right into the agreement that quarterly inspections are required to maintain the unit with routine maintenance.

Then, when the cash or other assets are distributed to the shareholders as dividends, it is taxed again at the shareholder level.In an S-Corp, it is possible to maintain the nature of the income and pass it through to the shareholders such that capital gains flow through as capital gains, etc.

Whether or not a merger clause can be overcome depends on the jurisdiction's rules on this area of law.How does this effect OP's case?

This route would probably be as a "Broker-Agent" meaning you'd have greater recognition of being a broker but you'd be dealing under another broker as an agent.Being an independent broker isn't cost effective just dealing for yourself.

But again, if managed and maintained properly, these little courts are a goldmine if bought with the right terms.  

I think Denver stands a better chance than most to weather a FED hike with no ill effects.

I always try to maintain the philosophy that my tenants deserve privacy unless they are damaging the premises and hurting other tenants.I also have regretted whenever I've stuck my nose past that line and tried to give them advice.Domestic violence is a tricky one though because they aren't damaging the premises or (usually) disturbing other tenants.  

Great Question RobertI would suggest you look at the money you would have to spend and go with the most cost effective plan that makes sense for you.

a revised drawing will have to be made for the effected areas and then submitted to the building department. you can usually continue with the work while they review it if it is minor interior design.. 

One of the reasons I like real estate is the local influence on prices that at least buffers some of the outside effects of recession & monetary policy.