My understanding is that any recourse that the snow removal company has will be with the previous management company as they entered into the agreement and therefore it should have been there responsibility to cancel. 

@John Franczyk on the tax front, there is no expense you cant write off, or business tax benefit that cant be taken weather you are an LLC or a sole proprietor historically, its all pass through anyway, for example if you have a HELOC on your personal home, and use the money for business purposes, the interest and expenses are deductible as a  business expense. at the end of the day it makes no difference, unless you are avoiding  SE and filing as an S-Corp, but thats for active income, not passive.

Thanks for all the responses guys - that is the answer I've been receiving from a few people I trust as well.I'm pretty familiar with the Atlanta market and have been for a few years.

Thank you all for your responses.

@Jay Helms Thanks for your response.

Hi all,Pretty vague question, and I know it depends on an individuals specific goals... but I am curious to see what kind of responses this may get. 100k is not a lot of cash in Southern California.

It might be one, but I live too far away and have too many home responsibilities to be the one to refine it at this stage of my life.  

I somehow got some of the notifications for messages I received but missed the responses on the thread.Glad to hear others are interested!

You are responsible as of March 1st and must file your own eviction.

when it comes to monthly cash flow I ask myself the following question: how much money would I need to make per month to justify taking on the added responsibility of dealing with this property. for me that answer is $250 per unit cash flow, after all expenses and accounting for repairs/capex.