Regardless, usually if you have a tenant that takes care of your place and that is clean, you will not have a mold issue.

I'm currently looking into the pros of an LLC because I'm going into Real Estate with two other people financially.

TO MANAGE THE UNITS BY TAKING CARE OF TENANT PROBLEMS, REPAIRS AND TO PICK UP RENTS HE IS IN HIS 80'S NOW AND SAYS IT IS TOO MUCH OF A HASSLE FOR HIM NOW BUT NEEDS THE INCOME 

While I believe the laws are federal, and therefore the same everywhere, a local professional with extensive experience in the area will be able to tell you based on the type, age and location of the property what your potential risk would be and the minimums required by law to have it taken care of, if necessary.

., and plan to weed and mulch all units' front beds as they never take care of the them, even if they mow the grass.  

Sounds like a FRAUD AND SCAMMER.Many legitmate lenders, private or HML, may not ask for advance fees with the exception of an appraisal.

Jeremy,If you wish to invest passively using your wife's self-directed IRA - all of the incomes and gains resulting from this investing will be sheltered from taxes inside of an IRA and it will not have an impact on your personal taxes.

They are just be extra careful.

I just need to be very careful with the rehab.

Take care, -Craig