I rented a property to a tenant 6 months ago that was squeaky clean according to RentSpree.

Hello @Michael Dallas,To verify the seller’s information, ensure you request these essential documents:Rent Roll (to confirm rental income and occupancy)Lease Agreements (to review tenant terms)Financial Statements (past 1-2 years, including income and expenses)Property Tax StatementsUtility Bills (if applicable)Maintenance Records and recent CAPEX reportsInsurance Policy DetailsInspection Reports (any recent or previous reports)These will help you confirm the property’s income, expenses, and condition.

Are you sure you are not just doing replacement therapy and you really should be buying a property? 

Her half-siblings, who felt she didn’t deserve the property, were dead set against the sale and refused to cooperate.

I'd like to connect with someone who knows the local market as this is where I would prefer the property to be at since it is close to me.

Total property value is 5 mill.Loan term is ending May 2026.

Being more handy around a property to do some of the minor repairs yourself3.

Hi @Brian Scott,With your low FHA rate, moving isn’t ideal, so using your current property’s equity could be a great option.

@Jordyn GeggIf you mean like property manage then you would need to get licensed and insured for each property since this new LLC does not own themI would not take on the Burden or expense of setting up another LLC for something like this since it doesn’t gain you anythibg

So there really are no pros, in my opinion, to putting your property you're house hacking in an LLC.