They paired me up with a member service advisor for 60 days, who checks in on you once a week and helps find content for you and keeps you accountable.

In the event that he moves out in a few years, I would turn the unit into a rental.Questions:1) Since I will be renting to a family member, do I still need to create an LLC?   

If you ever have any questions as a new member feel free to reach out I enjoy helping. 

There is a great group of members on here to connect with.

Third, If you want to offer an alternative (which you're not required to) - If you have a PM plaform like Baselane or RentRedi (free for BP Pro members) you can offer credit boosting for tenants that pay on time.

View report*This link comes directly from our calculators, based on information input by the member who posted.How can I get this to Cashflow?

Since competition is high and inventory is low on Long Island, I recommend BP members try to go direct to seller which is an active form of building an off-market deal list. 

However, within three days of moving in, one family member reported experiencing asthma issues and mentioned an unidentified smell.

We are members of CFRI now so we'll be at the meeting this week.

Your wife and her sister could then apply for a HELOC on the property, using the funds for investment purposes.If you are the primary investor, the new property should be held in an LLC, with your wife and her sister as the members.