Some investors prefer to start saving for these ASAP, while others plan to deal with them when they happen.The unknown is Maintenance costs, which are often dictated by how "hard" a tenant lives in a property.

I’m reading Lend to Live right now actually.

My properties are in TX, but I live in NV.

And answering your phone calls while watching the games does not turn your living room into a home office.

It's about having an income that will enable you to maintain your current standard of living for life.

I would still work with a title company on this and let your lender know (if you have one) of the name change and what you are doing so they do not think you are selling the property.Another option would be to create a living trust for estate purposes and transfer it into the estate.

We are currently trying to buy a property in North Dakota which will be an investment property for us, but my mother-in-law will be living there.

.* FHA loans require both parties to owner occupy for 1 year* A 203k loan is not a first time buyer program, you can own a home and still use the program as long as you live there* The loan must be made to a person, not an entity. 

What is their incentive to pay the rent at a location they are not living in?

The tenant has lived there for almost 25 years, even before I acquired the property.