Its getting to be a long time ago when I practiced law including landlord tenant.

But you and the LLC are different People in the eyes of the law.

I do not think you can check her credit without written authorization, there are new federal laws that could be violated if you do not get a written authorization. a promissory note does not constitute authorization to check credit. you probably should have had her sign the authorization to check her credit form and checked her credit before loaning her the money.

How is the tenant going to know that it isn't your crazy uncle or your sister-in-law that you've sent their way to give you a glowing review?

You will have some maintenance issues with the Corp and LLC and some can be limited with a good by-laws/operating agreement.

Yes, and they may want you on the deed anyway depending on your state laws.

Lisa,I'll write more later when I'm not on my iPad, but ERISA laws allow for situations where employees of a company maintain significant ownership (sometimes full ownership) of the company via retirement assets.

-Steven the Tax GuyYour guide to IRS laws, rules and regulations.

Community property laws have nothing to do with your loan, it's your marital interest in the property, if you are not on the note it is not your obligation.

Also how hard would it be to get renters out of the home if I where to buy it.There is Federal law that covers Tenants at Foreclosure, and what the Tenants' rights are after the foreclosure.