One reason people love having a house is that you can make alterations only needing the council's permission as opposed to also needing freeholders permission.

To give you folks an update:We engaged a lawyer and sent out a notice stating that 1. as the tenant modified the $500 fee if they stay after Aug 10th, the addendum is void and their current stay is unlawful2. as in our lease any repairment or alteration to the property over $30 needs our written agreement, which they don't have, we are not obligated to reimburse any cost.3. exit walkthrough would be on Aug 11th.Our tenant with a doctor of education degree replied -1. she signed the addendum so she is not an illegal squatter. 

You will just quit your W2 job and become a self employed property manager.So if you are looking for retirement income you should factor in the cost of a property manager, as well as turns, vacancy, repairs, and Cap Ex, which will probably alter the numbers you are expecting.Also add into this, personal asset protection set up and ongoing costs, as well as accounting advice, bookeeping costs, and tax preparation costs if you intend to go in that direction, and not do it yourself (which if you DIY will make you a part time tax repairer and also not retired).Many people get into this because they want to retire, but in reality it seems they are just quiting their job to become self employed.

This gets the payments all lined up legally.I am guessing after you do a more than one, your LLC looks like an alter-ego and not a separate business entity.

No one has provide any case history (probably because it varies by State), but, in short, using your personal name / ownership temporarily really looks like you are using the LLC as an “alter ego” of yourself this compromising your corporate veil.

Try to figure out the optimal process to take to get the project completed, and do the best you can to do in the order that makes the most sense and do it with the least amount of potential to alter the steps you took before!

I don't leave anything to chance.If you want a copy of a sample agreement, connect with me and send me a direct message asking for my Tenant Alteration Request. 

One of the downsides of a condo is that you're not steering your own ship(demolition/construction/dramatic altering of floorplans may be challenging or impossible in certain condo situations,) but one of the upsides is that you're not steering your own ship(problems with the roof?

They may need to alter the policy temporaily to make sure he is covered since there is a "tenant" there. 3.

Super high demand for rentals after the fire altered our plans, so we became a landlord.