The tenant told my property manager that he plans on dying in it, so we hopefully won’t be repeating the renting process again during our ownership.

Think about combining several list segments.There are some owner-occupied segments with people who share motivating factors for selling their home.Seniors with Long-time Ownership: often ready to downsize or transition to assistance.Homeowners with Low Financial Stability Scores (FSS): Struggling financially and likely ready to cash in on their asset.Both these categories have additional advantages in that they probably don’t haven’t been updated and may have deferred maintenance.

What about changing the ownership?

Hello,My wife and I have flipped and purchased several properties but are looking to create a business and start using a family member's funds to purchase some multi-family properties to fix up, increase rents and hold but wondering what a fair payout and ownership is?

The individual Series LLC's ownership is limited to a beneficial interest in a Land Trust, and, as such, it avoids the need to register to do business in the other State as it would if the individual Series LLC was a title holder.

Does anyone have suggestions on the best way to rent a shared vacation rental home if one owner wants to use/stay in the property more than the other owner? 

This is state dependent but most of the time leases survive any change of ownership, regardless of what someone put in there.

It might be worth talking to him or someone like him for advice on this specific situation.In the podcast, he talked in general about loans and qualifications...According to him...The requirements of a sponsor – a net worth equal to or greater than the proposed loan amount, liquidity equal to or greater than 12 months of TNI on the proposed loan and a solid credit score*Minimum credit scores for Fannie (680) and Freddie (650)*Those with zero years of ownership and management experience must bring in a partner or have a third party manager *You and your partner combined must have a net worth greater than the loan amount – even if you’re not going in 50-50 on the property*The “90 for 90 rule” – you need 90 percent physical occupancy for 90 days prior to closingHe also talked about how he likes to play Freddie Mac against Fannie Mae to get a better rate for his clients.Hope this is helpful.All the best!

The purpose of the LLC is to separate the ownership of the company from your personal name, essentially creating a "stop-gap."

Probably not all the way right away though.Either way, if you find yourself in a position where owner occupying a duplex is similar expense to renting, you have to remember that you get tax benefits of home ownership, the mortgage will be paid off over time, and potential appreciation so the balance tips to owning being better.