I have published 9 books on Amazon Kindle, created multiple drop-shipping businesses and ran Facebook Ad campaigns for companies.

If such type of harm befell your clients, then you most certainly could face a personal injury lawsuit down the line.C) In the event that your LLC is sued, there could be considerable questions about whether or not your LLC is created for a legitimate purpose given the level of intertwining that you are engaging in between yourself and the legal entity. 

What I wrote above does not create an attorney/client relationship between us.

But that would create a taxable event for you when he purchases your interest.Another option would be for the LLC to do an exchange and buy two properties. 

I would recommend thinking through what your concerns may be and create a list of questions to ask each property management company you speak with.

However, if you create a great marketing campaign you can find opportunities that way.Good luck!

If you're still mid-career and looking to simplify both your taxes and your business structure, I'd start looking into creating the brokerage as an S-Corp, leaving your particular earned commissions in and pulling a salary from the brokerage. 

You can create actions for move in, move out, periodic inspections, repairs, or anything you want.

- I'm looking to create a LLC to purchase the property. 

Don't invent / create problems for yourself by Selling yourself short - likewise - don't over embellish the truth.