I am not an accountant, but I think that is true for any self-employed person and is based in part on whether the previous year was profitable and in part on whether the current year will be profitable, not whether it is an LLC or not.With that said, I pay a CPA to do my taxes because I don't have a clue how to due to multiple businesses, numerous properties, and different LLC's with different ownership.  

Bryan, I have seen numerous problems arise in multi-family and retail properties.

That represents the highest return numerically that is 'targeted'.  

I've bought and sold numerous "off market" multi units that offer a 6-8-7.2% cap rate.

After putting in numerous bids on reos and talking to other investors the general rule of thumb is 80% of FMV is about as low as you'll get in this market.Most banks are just sitting on properties letting them go to auction every two months until they finally sell.

For example:April - Oahu (Mililani) - numerous applicants - rented in 10 days (this has been typical for quite a while)May - Oahu (Mililani) -  4 applicants - rented in 22 daysJune - Oahu (Wahiawa) - 5 applicants - rented in 25 daysAll three units are 1 and 2 bedroom condos, competitively priced.Looking at Mililani Parkway for example.  

@Ryan Bogy, there are numerous steps involved when it comes to putting together a trustworthy team, and you can find some helpful articles on the subject in the BP forums.

:^) quality vs. quantity is my main dilemma now!

However these can be quiet expensive if there are numerous violations, or you are a habitual offender. 

Honestly, I would be more worried about having to take care of numerous properties out of state and the responsibility that comes along with that, then having a couple of properties here in Brooklyn breaking even.