If you ever want to chat more about this... or if you're curious how these strategies play out in markets like Austin or Scottsdale... feel free to reach out.

Was wondering if I could turn one of my spaces into an assisted living multi-tenant facility as it’s in a great area for it and can be changed with a reasonable rehab.

Have you ever heard of a Landlord being sued by a Tenant and losing property?

You have two unrelated questions here.Question 1My impressions of your LLC setup is that having the ownership change over time is too complex with the potential for misunderstanding. 

I got pressured once and it ended up costing me a good chunk of change.  

I'd love to connect if you or any clients are ever in need of financing for rentals or renovations!

Helps me reflect on the day and see what needs to change in that

If they change their mind, I put the property back on the market and look for a new tenant.

Revisit your strategy annually to adapt to changing goals and market conditions.Good luck!

Also make them sign a lien waiver so they can not say I did not pay them.Set up an account with wherever materials are bought so I am charged directly and contractors dont stiff me like how they would if I gave them money directly to buy materials.Looking for a contractor who will not need a deposit to start as I am planning to pay in phases for labor but I have been thinking about just paying for everything once their all done (I am kind of paranoid about contractors lol)Hire two different inspectors to see if the house is actually good when done.Currently want to work on 2/3 br houses so I am trying to get flips done in 3 months.Prepare for unexpected costs.Selling the houseMaximum market exposure - MLS, zillow, etc.Get good realtor recommened by lawyer.Make sure the price makes sense and have a lot of high quality pics of the house around 50-75 pics.Make pontential buyer sign nonrefunable earnest money contract.Examine all offersWhat else am I missing or should I change?