Some states have made different rules related to SMLLCs and they are not favorable to the LLC.I agree with @Steve Vaughan as well.

Rent affects cap rate and resale of a property so a rent reduction in favor of a maintenance plan you could lose more value in resale NOI then eventually making repairs.

I know in Cincinnati a lot of the brokers have a very favorable impression of them and they have a very good reputation. 

Clearly I can not know all the details of the situation, but in general, if you can't afford to live in CA, there is a plethora of cheaper places to live, and you won't get mixed up in doing expensive favors for friends and relatives that can easily sour.

What we decided on was an 80/20 split in Jeff's favor.   

These will frequently be against the landlord and in favor of the tenant.

How can I make this deal favorable enough for you to lend? 

I really like that property, we really leveraged our position against the seller to get a favorable price (they wanted ($109K) but we presented an offer at $65K and I submitted several data points with the offer to justify the price. 

., until you get to a point where you can no longer use Fannie Mae and Freddie Mac financing, get a good umbrella liability policy so you can enjoy the more favorable financing.https://www.biggerpockets.com/renewsblog/the-tradi...

@Ryan Keenan I agree with @Michael Notoa residential loan has more favorable terms.