PLEASE NOTE, IF YOU PUT PROPERTY IN AN LLC, YOU CANNOT DO YOUR OWN EVICTIONS (which I DO advise when you start).

@Fabian Escobar we typically advise clients to create a separate LLC (holding no assets) to act as management company for purposes of creating privity between that entity and the series LLC (which will hold the assets).

Readers are advised to seek professional advice.

I would advise to have everything upfront.

Your best course of action if they do not straighten up and fly right is to advise them that you will be taking them to small claims court if the job is not satisfactorily finished by X date.  

Welcome, Aaron.As a fellow MD, I would advise making sure that you are playing defense very well before continuing your RE investing journey.

(I advise you do the same) 2. https://www.ownitdetroit.com/ (Over a dozen doors purchased and rehabbed) - $800k turned into $1.1M in a year.

We would love as much advise as possible in all areas of buying a first home.

It was well worth it since I had monetary gain, but I also learnt a lot from this project!!

This can be less adversarial and often less costly than going to court.Given the complexities involved, especially with real estate investments and an LLC, it's advisable to work with professionals who can guide you through the financial, legal, and tax aspects of the division.