re: TOS: Being a landlord

Have to disagree on the tax aspect of the LLC. In Georgia, a single member LLC can be a "Disregared Entity". What this means is that although the LLC is a separate entity for legal purposes, for tax purposes the LLC would be treated as a personal business and reported on Schedule E of Form 1040 just like personally owned rental property. All of the property expenses and mortgage interest would be deductible against the rental income.