You also become more implicated in housemate drama as each tenant has a relationship with you and not necessarily one with each other.In our experience, a rooming house works best when you have someone you trust (and who is a little older) living at the property who serves as "Den Mother" to ensure the ship sails smoothly.

So my grandma passed away and her home was spilt into 4 shares between my mother and her 3 siblings.

So my grandma passed away and her home was spilt into 4 shares between my mother and her 3 siblings.

Did they agree to not smoking in your unit or not smoking anywhere on the premises or not even smoking at their mother's house in Iowa?

My mother fell behind on payments a few years ago. 

I am also a mother (of a 2 year old daughter) who co-parents with the father so I do not have a husband or partner to invest with (may or may not be relevant info).

Hi,My Sister and I are selling my Mother's home, due to her passing away last Sept.

hello, my mother-n-law had some issues with her house and the insurance company put her up in a multi-family dwelling.

Hence, let your LLC be the beneficiary (or your mother-in-law) rather than you individually and protect yourself from your investments and your investments from you."

Someone with experience analyzing and making recommendations re: existing investment property portfolio... and making adjustments/recommendations for a retiree.My mother is a lifelong property investor with over 15 (single family mostly) properties owned.