In almost all of my off-market deals, the broker technically represents the seller and not me.

I’m not sure anything’s besides just setting up a normal llc is worth it.If you want to get technical about it you can have an attorney set it up with a partnership or operating agreement.

And, they can be technical.

Technically with an option, I would have the legal right to purchase the property at any moment.

While people certainly do get away with renting out each room separately, on individual leases and with more than 3 unrelated tenants per house, it is not technically legal and is a much harder rental strategy than just renting out the house to an existing family.

The house technically belongs to her mother who passed away Jan 2017 and for different reasons the estate I s still yet to be probated (she thought her brother in TX was handling the estate and he thought she was).

However, it is on the grass between the curb and sidewalk which i believe is technically government property.  

I believe the limit is $10k, and anything over that requires you fill out the form. if the money was earned legally, should be no issue.if you don't want to get the irs involved, I have heard that people have deposited $9999, and then the bank wont ask you to fill out the form. if you did this over the course of two weeks every other day, technically they may not be required to make you fill out the form.

So technically you will be living there and not collecting rent.

Michael,Sub2's aren't a pipe dream, but there can be some serious technical issues with SFR's.