I’m a licensed architect and contractor with a passion for creating spaces that blend functionality with aesthetics.

As you mentioned an LLC as well, generally you would either have a TIC Agreement or an LLC as the LLC operating agreement will essentially serve the same function as the TIC Agreement, and ownership would either be held in the LLC or as TICs at any given time.

You might just find your first deal, partner or actionable step here on the forums.To help new BP members find what and who they're looking for, I recommend 4 things:1. use the 'search' function to find topics, members and areas of interest .

Obviously during the renovation process we tend to focus on functionality and cosmetic features.

I’ll be sure to notify all tenants in writing of the cameras function and remind them that, per the lease agreement, we are not responsible for any of their property and they are recommended to get renters insurance. 

As other have stated, remove the owner form occupying the basement and remove the stove so its not viewed by a  lender as a fully functional apartment. 

One of the problems with BP is the search function.  

Your guests will be expecting a functional unit complete with proper clubs and balls for use. 

To get information and firsthand experience from investors who have used the BRRRR technique in comparable markets, think about contacting nearby real estate investors, going to networking functions, and participating in internet discussion boards.Furthermore, keep learning by watching videos, participating in forums, listening to podcasts, and reading books that are especially on the BRRRR technique.

So for those not in the know, in simplest terms what was just done is the function between sellers and buyers has been severed.