Could you move up in the company or work in a capacity that deals with the owners?

Better yet, you terminate their month to month tenancy to renovate, if you have the financial capacity to do so.2) What is the equity in the property?

LLCs that are thinly capitalized are more likely to be viewed as “shells,” thereby losing their capacity to shield the members from liability.or fails to maintain a separate identity from its owners ( using the business bank account for business purchases, maintaining separate books)Conversion of entities Assets for Personal Benefit:Another factor that poses a risk of piercing the corporate veil is the draining of entities assets (such as payments of large salaries to shareholder-employees) that leaves the entity with inadequate resources to pay its debts.Do not commingle personal and LLC assets.Maintain a separate LLC bank account.Execute an operating agreement.Follow the provisions of an operating agreement.Have LLC member meetings according to the operating agreement.Title property in the name of the LLC.Maintain insurance on LLC property in the LLC's name.Sign all LLC documents in the LLC's name, not the members' names.b.

How do I finance something in any capacity when it is out of my league but so ripe I cannot stop talking about this?

Since you're experienced I would say you should have full decision making capacity and he would be a silent partner2) How long you are going to keep the property for (or terms that would trigger a sell such as appreciating 100% in value) and if someone wants to sell their portion, how they will be reimbursed for it (who pays realtor fees etc).

that's the extent of my handyman capacities..

Being locked up does not raise capacity issues.

Ultimately you would know if you feel as though you have the capacity to quickly learn trades, implement action plans, and work with people.

RyanThis is the advice I received from my attorney and Title company regarding this very issue which I questioned last year;As with a trust, lenders do not exercise the "due on transfer/sale" clause when real property is transferred to the same individuals in an official capacity (i.e.

I've always wanted to dip my toe into real estate, but until now it has just been easier to put my savings into a mix of stocks (I am overweight stocks because I don't mind risk as I have the capacity to generate high income), a few bonds, and an REIT ETF.