I have an attorney in Illinois (Sottile and Barile) who we use that might be able to provide some assistance on this as it could get complex in regards to the situation - especially if any of the current deed holders have children involved.

There is really no risk of you losing your investment as long as it is insured and you do your job as a landlord … fill the property, collect rent, maintain it.  

To overcome these hurdles, consider FHA loans, down payment assistance programs, and rental markets with strong rent growth.Good luck!

I meet the requirements, which are:1) More than 640 credit score.2) No missed payments3) No second mortgages4) did not use a down payment assistance program to buy the home.Email is below:~Hi Gabriel, It was nice speaking with you.

We offered a personal one-on-one coaching call to assist you, and I encourage you to take advantage of these opportunities.

Quote from @David Felt: You are responsible for maintaining the home in its original condition.

They maintain access to the house managers and meetings, and while we make the transition to independent living as seamless as possible, they are essentially on their own. 

Keeping an eye on the market and maintaining flexibility will help you pivot as needed.Good luck, and congrats again, seems like you're setting yourself up for success!

Instead of asking questions and engaging in a long back-and-forth, provide clear instructions and you'll maintain control.Your focus should be on what you will do after the tenant leaves.

Is it easy to creat an LLC on your own, or would it be wiser to hire someone to assist me?