If you are looking at a property with a homestead exemption, the property is likely owner occupied.Homestead exemption provides a discount on property taxes.If you will treat the property as a personal residence, you can assume you would receive a similar discount.If you will treat it as an investment property, your property taxes will likely be higher.

When they stop paying rent the government does not allow you to collect.Take the time to attend the LTB hearings in your area to get a feel for how the adjudicators operate and how they treat landlords.

I have several businesses, you don't treat your good customers like that.Risking pissing off and losing great tenant and stable rent for 70 bucks?

Its a business,treat it as one. 

"The only exception would be if the LLC has elected to be treated as an S corporation for income tax purposes.

I'm not sure how they will treat that.  

Treat people well, figure out what buyers want and overdeliver and you'll do fine.

Treat a partnership with the same kind of consideration minus the part about being in love.  

The bank can not ask you questions treating you like a criminal. 

Many folks still believe in SFH and buy them as a liability even though they are treated like an asset.