It is essential that you consult with an experienced cross-border team including attorney(s) and tax expert(s) to ensure that you access the right advice!

What paperwork do I need to set up to ensure they will leave in 2 months and should I get specifics of what rehab we are allowed to do while he is living there?

You might find local meetups or online groups where you can share experiences and learn from others who have successfully navigated the process recently.Also, be sure to analyze the numbers carefully to ensure that the investment makes sense for you.

But, in the event you really are persuaded that it is important to separate each asset, ensure that whoever is managing the books/monies on the LLCs are doing it 100% correctly as even a small mistake can allow would-be litigants to pierce the corporate veil and render all of it in vein anyway. 

This approach allows you to manage the property closely, benefit from homeowner loan terms, and potentially increase its value with improvements before renting it out.As you transition the townhouse to a rental, ensure the rent covers all expenses and provides a profit.

Let me break it down for you.Reversion Cap Rate: Ensure the reversion cap rate assumptions are realistic and aligned with current market trends.

Below $1T, it's not a big enough market to invest.Global central banks are trying to get inflation as well as trying to ensure overwhelming debts (public, private, corporate) continue to be repaid... the easiest thing to do in the short-run is print more dollars.

Research rental rates and tenant screening to ensure the property generates income.

Perform the same task in each app to ensure a fair comparison.Load a property with pictures and details.Market that property.See what your marketing looks like from the public's perspective.Submit a fake application to see how easy the process is.Run a credit/screening report on yourself.Enter a maintenance request, assign a vendor, and attach a fake invoice.Enter charges to the tenant's ledger.Enter recurring charges and automatic late fees.Sign documents electronically.Run owner reports.After testing a few apps, one should clearly stand out.

Leverage Equity WiselyTapping your home equity via a HELOC or cash-out refinance can accelerate your multi-family investments, but you must factor in the debt service to ensure it doesn't kill your cash flow.