And another question-- if I will be the only one claiming all the income and all the expenses for this property, does that mean that the other person is "gifting" me their portion - aka 50% - of the rental income from this property?

She claimed that her landlord did not maintain the property and a drive past the house confirmed it.   

I have another tenant that moved out before eviction. for him I would have to go to small claims court first and obtain a judgement before you may put on their credit. 

Even if someone finds a property and is able to view it and maker an offer, there are likely slow-downs such as an inspector being weary to enter a property, securing funding as some claim that has become tougher, etc.

If it is an outside liability claim (like someone suing you because your son killed someone with your car in a crash), if the LLC is set up in a proper jurisdiction with charging order as sole remedy (or your LLC is owned by a holding LLC in such jurisdiction), then the plaintiff would not be able to reach into the LLC asset.You can combine both by having the property owned by a land trust where the beneficial owner is an LLC.Using asset protection structures can be very efficient in protecting your assets from catastrophic lawsuit by limiting the risk to only part of it.

Currently, as far as I know, it looks like the father moved out (who was paying the rent for the bottom unit) and now only the son is living there (unemployed, and claims he cant receive unemployment or stimulus because he hasn't claimed taxes in years). 

I want to relist and sell now and go to small claims when America opens back up. 

With the unemployment claims backlog, furloughs and layoffs taking place in early April, I am guessing we will see a big drop across the board in collections May 1. 

Not that I am going to get rich off the interest, but every dollar helps.As far as your realtor income, are you saying they failed to claim your commissions? 

2) It looks like we have to sign a quit-claim deed for the property to be in my husband's name, which triggers a gift tax.