Liability Protection: Transferring to an LLC provides asset protection but may not always be worth the hassle or cost.Next Steps: Review your loan agreements, consult your lender, and get advice from a real estate attorney and tax pro to ensure everything’s compliant and beneficial.

We negotiated a deal with the owner for 20% Equity, we are responsible for infilling the community as well as property management (which we also get paid separately for).

Honest... not great but we had other tax reasons to get into them.   

It's sometimes a little tougher to get one on an investment property vs. a primary residence but If you can get it I would strongly recommend looking into it. 

I feel as-is, I can get around $120k after cleanup and some minor repairs.

If there is something going on that is making you fearful then you may want to get law enforcement involved.

The main document that I would like to get review by an attorney will be the operating agreement.I suggest this firm over others that I contacted, their fees were down to earth and did not try to up sell more documents or entities.

Would love to hear any tips & info that would help me get started!

Thanks Alex and will get back to you - regarding the note space in 2025 it will be a very interesting year

I put a lot of money into my property to make them nice.