Thanks @Kerry Baird for quick response.

He advised us to text him if we didn’t get a response from her.We obviously love the place, and it seems to fit our needs.

In terms of maintenance, they are generally safer because you are not responsible for the exterior and common areas and potential leaks, etc.

Centralize your back office / use remote employees / VA where appropriate to cut costs and improve service levels / responsiveness.  5.

That being said, I asked an attorney who I’m an acquaintance of about this very thing, just for my own curiosity, and his response was get the LLC in whatever state the property is in.

It was suggested that we create an operational company that will lease rooms to individuals in recovery.

I just wasn't sure if it is my responsibility to do something if the electric bill is high and are not satisfied. do I have to be concerned about that?

@Anthony MurphyHey, sorry I never saw this response.

A good real estate accountant can save them thousands of dollars by leveraging entity selection and formation, tax deductions, cost segregations, bonus depreciation and tax planning.I recommend that they find a tax accountant who specializes in real estate taxation, business taxation, financial planning and tax planning.I would also recommend that they look for a accountant willing to work with them throughout the year, who can help them strategize and who is responsive when they want to know the consequences of the financial decisions they are making throughout the year.Good luck.

Unless you have a clause in the purchase of the entity that clearly makes you responsible for the entity from the day that you buy it(Indemnification) I wouldn't bother with the LLC.Good luck man. all the best!