Again, if its not being reported that's great for your credit but cover yourself for any balance that may be owed by ensuring its not in the documents for the DIL. 

I would advise speaking with an attorney that can help draft up the documents and understands the business you are in and the potential pitfalls so everyone is covered.

Usually, you hear excuse after excuse and they try to make their problems your problems.No matter what you decide, document EVERYTHING IN WRITING or suffer the consequences!

Anyone here use eforms.com for legal documents?   

You should consult an attorney or CPA for your specific situation.ANONYMITY: When you create the LLC, your name is recorded on the documents and published on the Secretary of State's website for all to see.

I am curious that if you go up to the house to talk with them what documents should you take with you and how do you go about getting them to sign a lease with you?

Additionally, when negotiations between realtors is occurring, things not documented in writing don't hold up. 

In this document, I will share a portion of a study I conducted with some of our clients.

As long as everything is recorded correctly and all documentation is done, there are ways to do this. 

Looks like it didn't make it into 469(h)(5) but hard to argue with IRS Documentation - thanks @Kelly O'Keefe!