The fee structure is overly complicated and would cause me to pass on the deal. 

Hi Carla,If it were me, I'd sit down with the potential partner (over a business meal to make it a little more relaxed) and discuss upfront the things that the two of you think might cause the partnership to go wrong.

Knowing who a Motivated Seller is will cause you to find more free ways to get great deals  Look for the following in people:DivorceJob RelocationTax liens on propertyHealth status have to sell homeHaving trouble making mortgage paymentsThere are Home Owners who Want To Sell, Need To Sell, & Have To Sell. 

This issue can be avoided completely by transferring the property into a land trust.While a transfer to an LLC will cause alarms at the bank and prompt them to send you a letter, a transfer to a trust will not.

@Nathan Gomes If you have somebody handling your books, ask if they offer 1099 filing (usually they do) since bookkeeping usually handle the majority of work so it should cause you just a little extra.

But it totally depends (kids/net worth).Let me know if you have any specific personal questions and maybe I can provide my POV.This is one of the reasons why I don't like direct ownership cause as your net worth grows you have to really protect yourself.

Some estimates guess that this change will cause 500 people to lose their jobs.

That's $1,000 in late fees and you still have to deal with cleaning, damages, unpaid rent and utilities, etc.When a charge is due, they should pay it. if they don't, get rid of them or they will continue to cause problems.

I've read around these forums that the industry-standard is to boost rent $25 for a pet, which seems reasonable.That said, I wonder whether the presence of a dog also subjects landlords to liability for damage or personal injury caused by the pet.

What logic is there in the weight of a pet to the damage it can cause?