Your financial advisor, tax coordinator, CPA and tax preparer are all different person. 

Example, food processing. 

I had to do that last month with another property that they were managing poorly   :-(  Good start but get prepared for more fun my bet is on the bailout.  

Seems the best options are going to be aggressively attack my principle to increase equity so that i can open up a HELOC to put a down payment on another home (a way better deal) in order to rent it out and use the passive income to add to my paying down my mortgage before doing a rate-term refinance to prepare my home to cash flow when I’m ready to rent it out. 

I am experiencing a LOT of demand for small homes &/or apartments that tenants are prepared to pay $700- $800/month regardless of utilities.The majority of enquiries are from older singles who are still working to support their social security & just want a safe, comfortable humble place to reside in. 

Michael seems legitimate and is preparing to send us a due diligence package.

Prepare lis pendens. 

If you itemize your taxes, this may be used as a write off (I am not a tax professional, so please consult with your tax preparer/cpa etc etc).

Be prepared to potentially have zero income for many months.In addition, you will want to check the permits.  

I highly recommend letting the attorney prepare the operating agrement based on questions they present you rather than have them mark up your version.