More real estate also means more tax benefits.

In this case the city is saying these units are not habitable but also stating that when they are habitable the existing tenants get the unit at their existing rent.In addition if the lawyer is correct, I believe he is incorrect, the LL must also pay for the hotel stay of the tenants during the rehab. 

In my state if the issue persisted more than 14 days the tenant would have the option to break the lease at no additional cost.

As long as your insurance company is good with it, I think it's an excellent addition. 

I'm closing on my first LLC soon and while shopping for insurance, every agency I spoke to is willing to issue a policy in my name (single member LLC) with the LLC as additional insured.

Digging down is not really an option for me because of additional cost.

@Ane DeysI would not generalize all REITs as being equal and there are also a lot of private funds who did not go the REIT route as a reit, while having specific tax benefits is also required to be passive.

in my opinion, unless you purchase 1000 unit, these kind of analysis is only giving additional stress.

Selecting the cheapest general contractor might result in having to spend additional money later on as sub-par work may need to be corrected down the road.

There would be too much back and forth to address what additional information is needed here to help you accomplish your goal.