Quote from @Zachary Deal: One thing to keep in mind if you are doing this is that you are likely to create "functional obsolescence" which could mean you are not able to get a new loan against your property and it can be difficult to resell as well. 

Most do not follow it which is you can have someone assist in capital raise but it cannot be their only function - it must be less than 50%.

Another issue I see with older homes is the layout and functionality is tough to manipulate even during a full gut.

@Celine Li I am curious if, before posting this, you clicked on the search function in top right, and tried looking up this subject/ answer/ question???? 

LLCs and trusts have totally different functions when it comes to asset protection.  

The initial action is more like a lis pendens in function I think.

For the most Service has been responsive, they're adding more functionality, though wish I could track maintenance/repair requests and service fees for rent, but the cash management is what's keeping me here for now.

I am currently holding the bag with about 10k in repair work to get the line functional, but greatly fear the day the water district needs me to remove my sewer line.What would you do from here?

I specialize in building and flipping properties, focusing on transforming houses into beautiful, functional spaces that create value for buyers and investors alike.With several years of experience in real estate, I’ve developed a strong foundation in market analysis, design, and project management.

In this capacity, O’Donovan oversaw its corporate functions, and established Wintrust’s centralized residential loan servicing and default loan servicing departments.