For example: When you buy set for life from us you get ALL bonus items, including the Six Steps pdf ebook The house hacking webinar recording 4 audio interviews with personal finance expert

I'm considering (really planning) on setting up a series LLC. 

ProsRisk DiversificationPotential to find better opportunitiesMore property available to choose fromConsFewer economy of scale benefitsStretched to thin due to more things to keep track ofAdditional risk due to higher overheadRisk of needing to rely on a new set of individuals (Sometimes the Devil you know is better than the one you don't)Potential to end up with less profitable opportunities

Using the above example, let's say you decide to play it safe and just set your budget at $40k instead of $25K.

I used and set up LLC's, S Corp's, and even C Corps to conduct business.Nothing unusual, for LLC's, you select how you're to be taxed, so I selected to be taxed as a partnership.

Thanks Tim.My insurance company said the damages to my neighbors unit will be covered under my insurance policy and there is no deductible to be paid by me.All he needs to do is send in pictures and an estimate for repairs.Since my insurance company is handling the claim, there is no need for an adjuster to come out.

@Victor Mondragon is the $4000 all hard closing costs or is some of that to set up you escrow account?

I recently finished "Set for Life" and in it the author suggests keeping your investment savings (not your emergency savings) in the stock market so you can ride the general upward slope of the economy before you utilize it.

@Joy Buell By making too much money you mean your adjusted gross income, which makes you ineligible to take losses from the rental properties? 

They also set up all of my tenants with renters insurance.