If you plan on being a buy and hold investor then you should be prepared to handle capex events on all of your properties.

Quote from @Juan Hernandez: I hope you are prepared.

Second, if this relative has any other close family, prepare to be accused of "taking advantage of sweet old Aunt Sally," if not now, then a few years down the road. 

If you need an extra room painted or an extra tax return prepared, you have to pay more.

then, ongoing discussion entails, and either the most persuasive responders share their knowledge or the whole discussion fades.

However, just before work was scheduled to start, the foundation company informed us of severe, uncontrollable settlement issues that made repairs unfeasible.Given the significant delays and additional costs this would entail, we made a quick decision to sell the property to another investor.

So, I may have to find out who this person is or simply go to closing and be prepared to deal with this occupant.On the other hand the bank is having trouble providing the legal corporation paper work required by my title company. here is the latest email from Title to Bank: “Please have the seller (the  bank) contact their attorney to provide the needed paperwork.

can anyone vet this document I prepared and let me know if you see a issue.

I started a LLC before we were married in preparation to start owning rental properties .

Great way to get started as you learn more about being a Landlord and what it entails.