You might want to speak to your tax person about what would be the most beneficial way to set up tax wise before you have the attorney do the setup.

Taking on deals like this that decrease wealth, such as low return high upfront cost whole life insurance, paying 19% interest on credit card debt, paying 2% annually to have a “wealth advisor” place your money in Vanguard Index Funds, paying for a high cost mortgage because you’re credit is bad, and “debt consolidation” programs are all reasons adding up to why many people can’t achieve financial independence and remain dependent on working every day to live paycheck to paycheck.There is a chance that in a particular circumstance any of these, including the program offer you describe, can be beneficial in certain specific cases.  

If you haven’t had the conversation with your relative about getting those “unofficial” tenants out, I believe you should do that soon and present your plan how it will be beneficial for both of you and you can begin the process of getting new tenants in. 

It seems like a very beneficial program for someone like me who's new to real estate investing. 

I HOPE you understand what I am saying :) Thanks for your directness—I definitely respect your viewpointI’m fully committed to advancing in real estate, and I understand that meaningful networking is about mutual value.

As many investors are aware, a cost segregation study is a very beneficial tax planning tool that can create a very quick ROI.

The city has a relatively low cost of entry for real estate, which is beneficial if you’re looking to maximize your investment while keeping initial expenses manageable.

This strategy could be particularly beneficial if it aligns well with your financial goals and personal situation.Reach out and we can go over your specific situation and goals to see if Fort Collins makes sense for you. 

From what you say, she doesn't want the hassle any more, so take that knowledge and see if there is a mutually beneficial way to structure this deal. 

@Carleton T.When I partner on deals, the way I typically do it is put the house into a Land Trust and have the beneficial interest of the trust spell out the percentage of ownership.