@Becky Hoffman If one member of the LLC does not care to have any claim to the property as you describe why can't the partner merely be removed from the LLC.

You may have to do month-to-month leases.Regarding the basement, most cities really don't care if the homeowner chooses to live in the basement.

They require almost zero labor and don’t care if you breaker box is full or at it’s amperage limit.

I recently just added her to my credit so she can get a little boost in her score to help more with the process and yes with the low down payment I don't expect to live rent free but one can dream for now all I care about is owning the property cashflow will come later.

Be careful, and happy to connect if you need help. 

You can't expect to get the same results investors were getting in 2018.You can play with the numbers a little, but be careful.

@Jaskanwal Preet Singh ChhabraRefinancing a converted property for coliving involves appraisal, loan types, interest rate reduction, and careful planning.

Make sure to shop around for the best rates and terms.Find the Right TenantsOnce you’ve purchased the property, screen tenants carefully to ensure you find responsible individuals who will pay rent on time and take care of the unit.

Super helpful and their CEO Zach is very knowledgeable and obviously cares about making sure his clients are taken care of.

As private money lenders, protecting your investment starts with careful borrower vetting.