I also felt it adds a bit of formality that landlord is a business other than an individual.The downsides of LLC:  1. in CT, it is 250$ per year for business tax; 2. 

Shortly before embargo was lifted, but prior to it being formally announced.

Other people on this post made great points of true potential pitfalls that could be damaging, so if you will rent to her have her sign a formal enforceable lease like @Elizabeth Colegrove suggested and let her know that this is what all [responsible] landlords will do. 

The only reason I can do that is because the two flippers I work with have built up a track record, and I've grown to trust their judgment while still being judicious and making sure my interests are secured by a mortgage and the appropriate fire insurance and title guaranty.

Summed up, JP Morgan Chase has started a judicial foreclosure for a total of 81k in accrued interest, fees plus including the 41k balance and the like for the past 4 years concluding with the home going up for sheriff sale this May 1st.

Yesterday I went and looked at a 1bd/1ba duplex, formally a triplex.

Thinking out of the box, since they are not that formal, this might not be the right developer for me.

It's nothing formal.

Non-payment defaults, including non-judicial foreclosure actions, are always made public without the need for a legal judgment.

It is a judgement call in which criteria include active participation, passive participation, purpose, etc.In any case, since no general solicitation or advertising was done, the deal probably qualifies for exemption from registration under the private offering exemption, or similar such on the state level.No formal Reg D would be recommended as this is a small transaction.