The LLC, when properly formed, will compartmentalize the risk between Sibling #1 and you.Option 2: Series LLC (preferred) This situation would depend on your own portfolio, but you can also form a Series LLC.

Advice sought, or suggestions on who to talk to.Bought a duplex in Cleveland proper, seller had marketed it as a duplex, when I did inspection, found out that he was renting the attic out and including that in the money. 

I thought that I had properly vetted him, however after being in business together for a few months I realized that our values were simply not in alignment. 

Also, in the future have all your tenants sign a mold addendum which definitely protects you prior to such issues.I would force them out by giving them a proper notice from your LEASE terms, for example I can get my property back with a 60 day notice period- which is the proper notice time by law here in Georgia.  

Read up on Delayed Financing- I've done it a few times, you can cash out right away if you buy and structure a deal properly. 

But if the house was vacant and left in a high humidity condition, all bets are off.If doing it yourself, make sure you use proper PPE and procedures.

Just know them going in so that you can properly budget.

just e mail  skunk works at BP for your answer.. 

Investment Info:

Single-family residence fix & flip investment in Walla Walla.

Purchase price: $145,000

Cash invested: $75,000

Flip Five: This is a current flip that we are now looking to move in...

I'm a military brat, my dad was 21 years in the USN, retired as an E-8.