It needs to be operating as its own separate entity, not as your alter-ego. 

At a minimum, this mean no co-mingling of funds and not treating it as your alter-ego.

Further, many things are grandfathered into codes, so as long as you don't make alterations to what's there or replace it, you can have something that doesn't meet current standards. 

@Michael Hebron JrIf you have a single member LLC with no special tax election you can pay whatever you want with it as it is disregarded for IRS and it all come down on your personal tax return.Now from an asset protection point of view, by using your llc to pay for things that have nothing to do with your LLC you are de facto creating an alter ego and lost any protection by piercing its company veil.You need to treat your company as a business.

Sale values of properties may tank, but rental values will only be affected IF the the supply and demand dynamic of rental properties is altered. 

I also alter the distance and time frame depending on the neighborhood.

We’re in such a seller’s market right now that buyers don’t have much leverage with inspection items unfortunately, so I’m recommending buyers only ask for health and safety items for the most part, or anything expensive that alters the viability of the deal materially as an investment of course.

Either motive is fine, but if the goal is to develop, alter, subdivide, or improve the land in some way, a lot of questions need to be answered about the feasibility of doing so. 

I later posted a BBB complaint about John, and he submitted an extensive written response detailing this project and several others, across which Sara had repeatedly cut corners, used unlicensed electricians, ordered structurally dangerous alterations.

-There appears to be some damaged and altered floor joists that are causing sloping floors – recommend having a structuralengineer evaluate structure and recommend repairs as needed.