We allow pets so it is no big deal.In the end, it is the animals owner who needs to make the decision.

If I remember correctly, there is a provision for properties with Fannie and Freddie loans to be moved to single-member LLCs after 12 months of seasoning if the only member of the LLC is the owner/borrower on the loan. 

@Arron Paulino Your posts illustrate the challenges of exiting SFH's in markets where the natural buyer is another investor and not home owner.

How does that work when you are not yet the legal owner of the property?

In short, the previous owner made a deal and sold the house while they were still living for monthly cash payments until they died.  

We live in Texas, a community property state, and are 50/50 owners.

To become a true business owner or investor, you need to leverage your time through others.

We've seen this soooo many times in our Detroit market:(Have actually had owners choose not to do business with us because their previous PMC didn't require it - so, they thought we were the incompetent ones.Have also seen incompetent PMCs wiring funds internationally to owners - and these owners not having an ITIN, EIN or SSN!

Generally, the 'bad' side of the fence faces the owner.

I've picked up several really good deals because a tenant operator ran the business into the ground to a point where the property owners just wanted or needed out.