But I’d’ also ask if the girlfriend is a legal US citizen?

So far, it’s going really well, and I’m glad we made the shift.For me, the decision wasn’t about issues with self-managing but more about freeing up time and mental space to focus on the next steps in our investing journey.Curious to hear others’ experiences as well!

Should I be concerned the bank may have issues with this? 

Purchasing the LLC gives you ownership of the property, but it also opens you up to additional legal exposure since the entity has been active, and there is no way to really know for sure what else they used the LLC for.

Find a lawyer and issue a lease violation for other issues such as excessive noise and furniture removal.

@Kash Tacke legally, you would need architect drawings to get approval from Detroit Zoning Board.

You can buy my book, the book from Brandon in the BP bookstore, or Every Landlord's Legal Guide by NOLO. 

This is assuming the way you notified the tenants of the new rent was considered legal notice in your market. 

As long as you follow the guidelines properly, it's not an issue. 

Generally, a loss can only be claimed in the tax year when the investment becomes completely worthless or when there is a final determination that no further value will be recovered.If the REIT has officially liquidated, been declared insolvent, or issued a final report confirming that no additional distributions will be made, you may be able to claim the loss on your 2024 tax return.