You can have all of the benefits of Trevor's viewpoint without assuming all of the risk.An LLC is litigation protection from suits not covered by insurance (any alleged intentional fraud, gross negligence, health code violation, etc.)You want an LLC to hold the assets separate from yourself or the operations of the company.

Because you need someone that can advise on coverage gaps between states or between personal and commercial or between property/casualty and life/health.

Transitioned to Duke Health last year. 

Unfortunately my situation changed, job/family health etc. that put off some of those decisions.

Consider adding any of your properties to be offered by reserve auction.Study the market, have a plan, know your spending limits.Form an investors group, pool cash for more buying power.As an investor always be prepared to do business.( keep contract offers with you, blank checks, screw gun, flashlight with good batteries pens and blank addendum).Wishing you good luck and successful investing. 

I would love to tell you to be warm hearted and give them a desperately needed break but,your rental doesn't sound optimal for her poor health to deal with safely.They need a one level ground floor unit to keep her safe and you away from a potential lawsuit.The first time she tumbles down the stairs and gets hauled away in an ambulance you are going to hear from their attorney crying "Well you should never have rented to them you greedy slumlord!!"

.- Another global health scare...what a coincidence...O_o

The weakest industries in the South Bay were hotels and restaurants, which lost 1,800 jobs; construction, which eliminated 600; and retail, which shed 400 positions, the Beacon analysis showed.The East Bay’s strongest sector was health care, which added 2,400 jobs.

If the house is old then you really do need to bring the staircase up to current health/safety standards.

By this time with 20 years of experience on and off experience in home improvement, construction and repair experience I was in such demand from commercial businesses, landlords and homeowners that I was working near and some times more than 80 hours a week and my health failed as a result of bacterial pneumonia.