All 4 of my properties are currently positive cash flow… from $100 to $250 a month per property after mortgage, taxes and insurance.

My back ground is in Title Insurance but I have been lucky enough to escape that trap some years ago.

Insurance, advertising, tenant screening, legal fees, maintenance, evictions, the list goes on.If the net taxable income is negative (entirely possible with the depreciation) you may be able to deduct this against your ordinary income.

You'll pay more in utilities, insurance and interest payments than you expect.

If so how should the LLC be structured to give you the best protection and, what kind of insurance should you get to also protect you.

I will find out more about taxes and insurance tomorrow. i would guess about $100 a month.

Do you think it is a more statistical thing like the Insurance Industry where they have proven numbers... etc?

My first thought was this was an insurance question.

I'M AN AUTO INSURANCE BROKER.

The buyer did a final walk through and found all the copper plumbing stolen and the drywall ripped to shreds.He walked from the deal - felt sorry for the sellers, they didn't have insurance.