If you have an LLC or the property is owned in a land trust the judge might decide you need an attorney.

Also makes it easy for each individual to maintain their own info in multi-owner scenarios.

What did you decide to do?

It currently has a renewed leased tenant for a year @$1400 a month (the owner of the property rented it out to workers at an under-market rate but could easily get $1500-1700).

Quote from @Abhijit Roy choudhury: Financial Crime enforcement Network, requires reporting of Beneficial Ownership Information filing by 01/01/2025.Does this apply to us, Rental LLC owners.

I'm an investor and property manager company owner. 

I'm a CT based investor, flipper and property management company owner.  

I'm interested in selling them owner finance.

You have to be an active manager and many current owners are not wanting a second job and are selling.

Did you know that Fannie Mae recently lowered the required down payment to 5% for owner-occupied 2-4 unit homes?