The tenant handles all the insurance, maintenance, taxes, etc.

They get paid regardless of what happens and in fact often get paid more for frequently placing tenants and arranging maintenance.

The HOA can making renting very difficult.But don't you think there can be advantageous such as low maintenance and possibly better quality tenants when comparing a house at similar value?

The Lessee also offers to be reposnsible for all normal maintenance, not including major repairs like a failed furnace - there can be a dollar cap on what the Lessee would pay for.

You're missing maintenance, property management (even if you do it yourself), legal fees, advertising, and capital reserves (e.g., that new roof that will eventually be needed).

Often appears to be less because only the most obvious expenses (taxes, insurance, utilities) are included and others (maintenance, property management, advertising, legal, evictions) are neglected.

Compared with the S-Corp, the LLC is a more informal organization, does not issue stock and does not have the same rigorous standard for corporate maintenance.

Apparently, it's a common gripe.On our first deal years ago, we got lucky and made money.

I currently live in a 3 bedroom maintenance free townhome.

Personally for me I would want to find a local deca-millionaire veteran/seasoned investor that has a business plan that is very similar to mine and work for him (small maintenance items, cutting grass, collecting rents, placing bandit signs, researching deeds, etc) free of charge for a month or two as he explains to me why he does what he's doing and takes me with him when he's analyzing and negotiating deals.What I don't like is the fluff in the guru pitches that don't really tell you what to do and make everything sound like it's as easy as buying a certificate of deposit.