It's on a very small lot, with very limited parking for any kind of venue.

Bank Recommendations:Chase and Bank of America are popular because of their extensive business banking features and integrations with bookkeeping tools.Smaller community banks or credit unions can offer more personalized service and lower fees, but make sure they support series LLCs.Online banks like Novo or Mercury are great for tech-savvy users who want low fees and easy online management.What to Watch Out For:Hidden fees for transactions or deposits.Limitations on the number of accounts or ACH payments.Difficulty in maintaining clear separation between the series, which could risk the limited liability protection of your LLC.Since you’re using a Series LLC structure, it’s crucial to keep each property’s finances completely separate to maintain liability protection.

Both assets have two ways to make you money:Regular income (rent/dividends)Appreciation (property value/stock price)🛠️ Control FactorNow, here's where real estate often shines - you have more control!

If tenants controlled themselves and behaved as they should most would probably be OWNERS not renters.

As others noted, you are likely limited in what you can legally do anyways, so you won't be saving a ton, and depending on how you value your time, it will likely be cheaper to higher professionals to do it anyways.

Interviewing multiple GC's is the best way to operate, but make sure you are communicating to them that you may want to limit their scope of work as you may intend to SUB out some of the work ourself. 

I want to get control of the properties, remodel and furnish, while protecting this investment.  

Do you offer 80% LTV on the full appraised value or is it limited to purchase price + repairs completed? 

One thermostat controls BOTH units currently.

Additionally, if he’s legally and financially tied to the property, it might limit his flexibility if he wants to make major life changes, like moving or starting his own investment ventures.Ultimately, the decision depends on how involved you want him to be in the financial side of the property and how much risk he’s willing to take.