What is the security on the above?

It may also allow investors to secure financing or begin renovations with confidence, knowing the property’s title is insured up to a certain point.

This is a significant potential benefit that can impact everything from security deposits to rent controls to eviction procedures. 

Talk with some securities attorneys, brokers, lenders. 

Consider all the things that could go wrong and see if the lease addresses them: unauthorized pets or tenants, early termination, security deposit, lease violations, late rent, eviction, lawn maintenance, parking, etc.5.

If you’re not well-versed in lease agreements, security deposit rules, or eviction procedures, you could run into trouble.❌ Emotional Stress – Handling tenant issues (especially late payments or evictions) can be stressful, especially if you live in the same building.Hiring a Property Manager in ChicagoPros of Hiring a Property Manager✅ Less Stress & Time Commitment – A property manager handles everything from finding tenants to collecting rent and coordinating repairs.

(As AZ and your current state will fight over who gets to tax your gains with the federal government.)I have to throw most of the shade on your horrible tax guy/cpa who didn’t tell you renting it out was a $50-$100k mistake. 

It can throw people off.

Safeguard reached out to me when I was in my mid 60s, and offered lending notes secured by real estate. 

When we pointed it out to Hilany, she said that was due to getting people over there, coordinating assemblers, setting up the furniture, cleaning up and throwing away the material, etc.