Just make sure if you get a conventional loan that it's a Fannie Mae loan and not a Freddie Mac loanFannie allows a transfer of the property to: a limited liability company (LLC), provided that- the mortgage loan was purchased or securitized by Fannie Mae on or after June 1, 2016, and - the LLC is controlled by the original borrower or the original borrower owns a majority interest in the LLC, and if the transfer results in a permitted change of occupancy type to an investment property, such change does not violate the security instrument (for example, the 12 month occupancy requirement for a principal residence).Source: https://servicing-guide.fannie...

Is what I want to do legal, is it a thing, and is there a clever way to structure such an instrument where it is legal?

The best part is the level of automation that you can experience with maintenance tracking.

Make sure you get an attorney to draft up all the agreements regarding partnership structure and security instrument for your cash investment.

@James FreeYou could certainly model it out, but practically speaking, I prefer to use the spread between what I can get in public markets vs what I can reasonably achieve on a similar instrument in the private market.

Is the accountant you are looking for going to do all the A/R A/P manually or is there an automated system when tenants pay via service and auto applies to their ledger?

This will cause obvious issues and will take some time to go the automation route. 3) There is a Uhaul business attached to the units that only nets $15k annually.

We're about to see massive job losses next year that we're already seeing early warning signs of now, and once Tesla robots and other AI automations tick up starting next year and onward, job losses will continue exponentially.

I like @Nathan G.’s concept of building an automatic increase into the lease, which helps keep pace with the market, creates an automated process, and is discussed with the tenant upfront.

I"ve posted here many times saying HELOCs are a short-term debt instrument.