We almost got into a situation just like that  - we were going to buy it with a seller carry back  option and we were planning to build it out into a mother in law situation and make it an off grid houseand move into it with my father in law-  then when we moved out we planned to do a lease option to someone else who wanted a home with more land on it  -we figured we could ask more for it if we did a carry back on it and it was a little more developed - also figured it would be a few years so we could get some capital appreciation from it - but alas it was not meant to be and the home is not going to be available for sale any longer so that's not an option any more - it would have a primary residence before becoming an investment though,  so probably a different situation - 

He says, No, it was my mother's house....oh, I understand there is a sentimental value there, are you going to let it remain empty or will your family be using it?.....

I have a series LLC which allows you to place multiple properties under small boxes while you have the same mother LLC.

The Nine states with a true Series LLC statue are; Delaware, Iowa, Nevada, Utah, Illinois, Oklahoma, Texas, Tennessee, and now Kansas (Yeppie :) Here is an interesting Article about NC recognizing legal internal/external structure from a Series LLC from NV: Sounds to me like one could hold assets in one the Mother I'll call "9" business friendly states, operate a series (or property) in NC, depending on how the operation is structurally performed end up under 9 or NC law in a landlord-tenant or flip limited liability suite, foreclosure, or charging order.

I live at home in a house that is fully paid off with my mother.

My mother-in-law is retired now and she has a 403B retirement plan with her former employer that is drawing peanuts for her.

A few months ago my tenant's mother expressed her interetst in moving into my unit (I have a duplex) when I informed her that I was looking to move out in a few months.

Just got an email back from the realtor, they are wanting to move back closer to her mother. 

But over course im a single mother of 3 and that many funds is an issue.

My mother my brother and myself are buying a duplex and are trying to decide if we should put it in an llc or just keep it in our own names.