If you act as a consumer and unless any of the legal exceptions apply, you have rights to cancel the Subscription Listing Fees during the cooling off period.

In either instance, I would certainly have an attorney make sure everything is buttoned up and legal to protect you both.  

Although, you are providing a lot you have to remember that the broker is legally on the hook for all of the problems.

It is also relatively inexpensive compared to LLC formation, upkeep, and yearly registration/possible tax.The #2 point that makes this a mute discussion is you are not going to be able to move a property underwritten by a GSE (as most mortgages today are) into an LLC legally. 

I have called 20 banks and no one does a 1st lien on investment properties except 1 stated they would if owner occupied.During the research I read a website, which stated that 1st lien HELOCS on non-occupied are illeg...

Longer than that, he will have to be screened, approved, and added to the lease as a legal occupant.

Dustin, I would suggest consulting with an attorney to determine if this is legal in your state.

Hello all legal experts,If someone owns multiple real estate properties and each of those properties are in their own LLCs, then ownership by children or another family member is the question.If original owner passes away, then their children may not be able to operate them. 

Hey Andrew,Thanks for the reply, I should have been clearer.When I say affordable housing Im referring to generally making homes more affordable, nothing to do with the legal concept of affordable housing. 

I believe this place is legally non-conforming, but for my timeline, I cannot take the risk of losing a month if the inspector disagrees.