Also adding in here for anyone else viewing that we would need to consider the possibility of the IRS classifying this as a second home versus an investment property and disallowing any potential 1031 exchange due to allowing a family member to use the home rent-free.There are safe harbors to qualify for a 1031 exchange.

The seller was able to walk away from a bad situation with some money in her pocket, we will be helping her move and relocate into an apartment.

I found bigger pockets podcasts, and joining in here to learn and develop. 

Good to see fellow Phoenicians in here.

We can post it in here and then others can judge the cringe meter for themselves?

I'm sure one will chime in here, but I'm pretty sure an LLC is just a pass through entity, so it doesn't confer you any tax benefits.

I am going to paste what the listing agent posted as a remark in her listing, and then I would like to read your comments: Duplex with an EXCELLENT rental history!

Lots to take in here! 

The owner passed away in 2013, and the property deed is in her name.

@C Rutherford I, too had a single in her 60’s year old tenant who spent the first year after I inherited her calling and texting, sometimes as many as 50 times per week.