I am looking to create a value ad to the property.

LLC offers no tax savings.This post does not create a CPA-Client relationship.

And you're right, it moves fast when the value-creation chain is created on both sides of the transaction.

I know I can create a series of my own documents regarding this in Word and Excel, but am wondering if there is some kind of software package out there that handles this problem?

*This post does not create a CPA-client relationship.

It was suggested that we create an operational company that will lease rooms to individuals in recovery.

One of my friend happens to be a RE agent, landlord and a property manager himself and he seems to feel that as long as she pays rent on time and does not create nuisance, not to worry much and just keep do a quarterly property inspection.

Create your 2025 budget.Are your property taxes going up?

Stability: Homeowners tend to stay in their homes longer than renters, which can create a more stable environment for families and children.

While this may be risky in other ways, you'd be able to continue to grow your portfolio without taking as much equity from your income producing properties and possibly sustain your continued cash flow with them.