If you are looking to hold passive rentals and use mortgage financing, for example, a LLC is essentially useless as most banks will not lend to a LLC and you will be on the note personally.Secondly, the formation and use of a LLC involves two major components: creating the vehicle and proper use of the vehicle.Creating a LLC is relatively simple and involves state registration and obtaining a tax ID. 

The total purchase price should be allocated between the land and the buildings in the same ratio as the value of each component bears to the value of the property as a whole, as of the acquisition date in May 1977.  

., are structural components of the dwelling structure and would be added to your cost basis and depreciated on the same 27.5 year schedule as the building.   

So make sure you evaluate capex items, make a list of all major components and estimate how many years you have left, before you have to replace them.

It would definitely be worth it to research and verify the home inspection company before paying and ensure the inspection will be encompassing all major systems and components of the home as $50-$100 is one of the cheapest quotes I've seen in this market.

If there is a rehab component, you could use a bridge loan with a construction component (fix and flip loan) once you have that ARV where you want it.

It's a side accessory to the solar panels, so they won't do just that component, but it does show that there are private sector (eg, no big gov't process & 'official' meters not needed) solutions to this. 

I not only have a 70% ARV cushion (minimum), I have a fixed rate of return (risk shifting) and a labor component that comes from somewhere else (my flipper).  

Once you reach a point (as he apparently has) where you have a thorough understanding of the various systems and components used in construction; all the local laws and standard practices pertaining to the rental business; the rental market and seasonal fluctuations; issues regarding hazardous materials utilized in the construction of housing, and in some areas found in the ground around housing; Federal Fair Housing, Fair Credit, Title X, EPA, IRS, and many other regs; contract law; Building codes, code enforcement, and the permitting process; subsidized housing; AND you have a team of reliable, responsible, and reasonably priced vendors to utilize; AND you have established systems and procedures that work for you, THEN, and only then, does PM become "easy".

I feel Ron Paul is too radical for the position.Although his constitutionalist background is very admirable, I simply don't think we can allow the free market to totally work out problems with, Environmental Protection, for example.