Appreciation Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

We have full time professional jobs and children so getting into heavy rehab or flipping is not an option.

The actual mechanism for moving the LLC would be best to consult an attorney or tax professional.

Readers should seek professional advice.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

The Annual Owner Statement should break down all the expenses that the owner's tax professional then figures out how to deduct and on what tax schedule.So that way the owner can expense everything throughout the year?   

These venues are great for connecting with other investors, property managers, and industry professionals.

Renting to a family can lead to disputes, so a formal lease is essential for professionalism.

While you can start with a written agreement, a professional document will help protect both of you, particularly in terms of ownership, responsibilities, and profit-sharing.

If your friends have a rental they should hire a tax professional.