Additionally, they've agreed to pay $200 more per month than our current tenant, which is an offer that aligns well with our financial objectives, even as we plan to adjust the rent upon renewal for the existing tenants.This MTM arrangement also perfectly aligns with our plans to make improvements to the property.

Many underwriters buy a copy of the records from the Clerk and use them to set up their own title plant though these are not the "Official Records".This arrangement does have it's shortcomings. 

They can arrange whatever time works best for them. 

This may be time consuming, but it's most certainly a lower risk way to get your beak wet than syndication or flip funding or some other arrangement where you'll have to place your trust in others, plus I would assume that syndication/flip-funding deals in your area of CA would also have higher capital requirements than other US locations anyhow. 

(STR)I'm researching the best and most straightforward ways to structure this arrangement from a business and tax perspective.

I recently received a notice from the city on the previous owners name to arrange an inspection of the basement as someone reported to city that it’s occupied and it’s not.I would appreciate if you could share how to handle this?

Is it preferable to transfer ownership to the LLC or consider a corporate lease arrangement for the existing property?

Second, if you are a sub-to buyer, the last thing you want to do is to bring attention to the arrangement.

Cats must be fixed and proof will be required-First month's rent and security deposit will be required -If you meet these and would like to arrange a showing please let me know.

Is there any other formal arrangement because the way you wrote it sounds like your wife and her father are 50/50