In the event that he moves out in a few years, I would turn the unit into a rental.Questions:1) Since I will be renting to a family member, do I still need to create an LLC?   

Here’s my situation.I currently live in upstate New York but am looking to move to Texas.

Move the money in and out as tenants move in and out.You need two accounts: checking and savings.

When a lease ends they’ll suggest new rents and if the tenant hold be offered a renewal. some will offer to transfer utilities for you when it goes vacant, all should handle the transfer when a tenant moves in  With 10 properties I don’t “talk” to my PM more than 2-3 times a year.

Since you already have experience with both short-term and long-term rentals, house hacking a duplex could be a smart next move.

I heard that if you move the personal mortgages to an LLC they could get called and we would want to avoid that3.

This is a key difference from traditional buyer agency, where the agent keeps this commission.3.

Purchase price: $145,000 Cash invested: $60,000 Finding a move-in-ready home that offers modern upgrades and country charm can be challenging—but this fully renovated 4-5 bedroom, 2-bathroom ranch is the perfect solution.

I was made to think "if you've put this much time, money, and effort into perfecting the development of secondary suites into SFR's, why would you move your focus onto another strategy?"

(key piece of the story) And where are you/the property located?