YES, I do provide a bonus / penalty structure to my contractors.

Registering as a foreign LLC allows you to maintain continuity with your existing business structure, branding, and EIN while operating legally in the new state.

I have heard of Kin and I believe their structure is pretty funky in terms of how they are capitalized.

The seller is out of state and even visited the project a few times to check on the progress which I think helped him feel good about the whole deal as well. technology made the whole process a lot easier in the interim.

Quote from @Matt Wan: Can I purchase a property using a traditional mortgage without being physically present for any part of the process?

It’s crucial to consult a real estate attorney and tax advisor to structure the transfer in a way that minimizes tax consequences and aligns with your objectives.

Luckily I did have a clause where the sober living company is paying all repairs and maintenance unless it is structural issues.

Looking for guidance on the best way to proceed going forward in terms of asset protection and how to structure all of this real estate… 

Keep in mind the PPSF is the total value, which is land and structure.

I would appreciate any advice on anything I may be missing with putting this together or should neogotiate before finanlizing.Negotiated so far:Property: 9 Unit - 7 Apartments + 2 Commercial Garages (4 unit apt building + 3 unit apt building w/ commercial garage attached + standalone commercial garage on same lot)Background/Why owner is selling: A seasoned builder of 50 years, the owner purchased the property in the 1970s for around $8,000.00, later developing three apartments and two commercial structures.