. - LLC doc sets are fairly cheap and easy to create these days (with limited assistance from lawyers) and its much much better to have that cover bases on arrangements like this - it will also fit nicely with financing options - whether you take on debt from a lender in a co-equity situation like your first plan (refinance loan to LLC post rehab?)

I hear of all these great profits that are being made investing in real estate that has a major “business” component, like small assisted living properties; rooming houses; sober living arrangements, etc.  

Wait until Harris introduces the 25k first time buyers assistance program. 

We have a 50 unit apartment complex and a local Subscription based Roadside Assistance company wants to partner with us to provide our tenants with unlimited priority roadside assistance services.

If a transaction goes 100%  smoothly  I can somewhat understand your comments   but  if anything unexpected  occurs - having an agent involved to  assist  righting the  ship can  prove to be  priceless .   

We collected nearly $300,000 in rental assistance payments.

He took depreciation on the prop, claimed the kids I’ve had primary custody of, and likely pocketed the returns.I am in the process of trying to engage a communicative/experienced accountant to assist in cleaning this mess up asap and fortunately our amazing bookkeeper of approx 8 years is very knowledgeable and responsive.

Please let me know if I can assist.

Happy to assist if you're interested. 

@Justin Windham is a great person to speak with that has assisted many of our clients.