If her spouse didn't file returns she must do so on her own.Respectfully but importantly, it sounds as though you spent too much time in your tenant's life and are now looking to "take care of her" the way her spouse once did and in the process trigger a bunch of taxes and frustration for yourself - trying to sort out a tenant's circumstances.

@Mike H.I completely understand what you are saying about those that don't use an over all 10 year pro-forma business Plan with an IRR project need to be consistent in their strategy mainly because there isn't much else calculations like Cash on Cash Return calcs will let you do, then you can ignore the fact that it's the INVESTOR that cash flows the Investment.BUT, when you use a comprehensive 10 year pro-forma IRR Projection business plan, there is NO set Strategy other that what IRR number will you pull the trigger because EVERY strategy can be modeled.That's the whole Beauty of the IRR!

I've had a lot of properties that come across for investors west and SW of downtown Birmingham, but have not had any pull the trigger.

Determining whether the venture falls under a service or rental business hinges on the provision of substantial services; for instance, if a bed and breakfast service is offered, it must be reported on Schedule C, triggering a 15.3% self-employment tax.Moreover, personal use plays a crucial role in the classification of the property.

Audits are often triggered with the sale of a PMC. 

Keep doing some research and building up capital, get good at running numbers so you're ready to pull the trigger on a good deal.

LLC or Land Trust vesting is never stopping the existing lender from calling the loan, in fact the opposite, it may trigger it.

Way too expensive here and not ready to pull the trigger on first property yet.

But if bookings are slow, this is one of the few triggers you can pull that will help immediately.

Or, borrow equity out of those and put that money towards the multifamily property.You have so many good problems to have, just comes down to you pulling the trigger on which one works best for you and your goals.