With roughly 40% of the population in rentals, it makes for a win win situation for first time investors. 

Only you know your situation so you have to assess carefully. 

This is a tough one given your family move and situation, it might feel like a lot to take on with this added burden.

I'm put in a difficult situation because I cannot renovate the space until he gives back the key and he hasn't paid rent. 

Sessions in particular is very anti MJ.I can easily see a situation where the feds crack down and civil forfeiture rules allow them to seize all the real estate involved.

@Brock Bowen hi there I’m new to REI, and I’m in the same situation.

The specific situation is that an inherited tenant moved out at the end of their lease.

Meaning that the multifamily must go into my personal name.If I quitclaim the property to the LLC after closing escrow on a commercial loan, I have heard such action could trigger a “due on sale” clause whereby my total loan amount could become due and/or I could be required to pay a prepayment penalty.Without the LLC, my tax structure is less favorable and I am exposed to personal liability.Any guidance on this situation?

Best situation for you of course would be if the family takes a passive role and lets you make all the decisions .

My wife was also in the military so i can relate to your situation. we ended up having to owner occ our forst 4 plex under my Va loan for a year then we applied for an additional Loan for another 4 plex using her Va loan, which we currently occupy.