I would maintain ownership if the political winds steered toward a repeal of the rent controls or otherwise indicated a more favorable climate for the business.Thanks for your input.

We maintain ethical standards in investing but make no mistake we are all here for profit.

Moreover, the tenant-landlord in many states require the owner to maintain the property to a certain standard.

If you're starting off smaller with your own personal money making only and small notes the cost of setting up and maintaining one of those entities may outweigh any tax advantage you would see.

Typically, YES - you can move on to the next deal and maintain the generic conventional terms.

Landlords are allowed reasonable access to their property to maintain premises while tenant is still in residence.

Some offices may maintain a separate computer, book or reference area for IRS Liens, so Ask them, or the Tax Collector or the Designated Collector of Taxes in your area for that information.

Factors that indicate that a taxpayer has the benefits and burdens of ownership include: 1. the right of possession, 2. the right to obtain legal title upon full payment of the purchase price, 3. the right to construct improvements, 4. the obligation to pay property taxes, 5. the risk of loss, 6. the responsibility to insure the property and 7. the duty to maintain the property.

LLC is very popular but it must be set up properly and maintained properly in order to provide the liability protection it's intended for.

Those houses were usually built to last but it really depends on how well they maintained and whether or not they were upgraded over the years.