I definitely never thought this would be an issue when I purchased my house.

I’m just suggesting getting tax advice from randoms on BP presents potential issues. 

But hey, it’s California…the tenant is suing me for 3x the deposit and may win.Here's my reality.

The property is 2 minutes from our house so that’s no issues for us to clean.  

Have them perform specific tasks and issue invoices that the LLC would pay.

I own a duplex, where one unit is being rented out as a long-term rental (LTR) and the other as a short-term rental (STR). My CPA advised me to split the generic costs such as property tax and water bills equally betw...

Definitely understand the frustration of your seller financing issue.

@Chris Holmes Obviously this community is heavy on REI and group think issues.

I've used various types of lease formats for different owners, and have never had an issue with the lease format for either one of the housing authorities in Dauphin county. 

I would like to hear from "PEOPLE WHO HAVE DONE THIS"  type of flipping / buy-n-hold, as well as the pros and cons of doing so.The first issue that comes to mind is where to get funding on a property with such low entry value.Coffee talk amongst yourselves and get back to me.