Purchasing in your name might be simpler and cheaper upfront, but you’d be personally liable for any legal issues.

An LLC is useful for two things: anonymity and legal protection.

Is this even legal?

Here in Michigan you need to be licensed as a real estate agent or broker to be legal.

If you need financial help, ask under the "Finance, Tax, and Legal" forum.

- Legal and Regulatory Concerns: Are there any local laws or regulations in Fredericksburg, Virginia, that I should be aware of regarding pets in rental properties?

As the legally required small print in the offering of financial products reads: "Past performance is no guarantee of future performance".

It will likely cost much less than you have to lose in this case to get 30 minutes of legal advice

I’m no attorney or CPA, so I won’t wade into legal or tax advice, but I’ve watched a well-timed 1031 turn a humble starter property into a stepping stone toward a whole portfolio.

Is there legal recourse for me to now collect the required security deposit from the tenant even though he is in place (his lease does not expire until 7/2025), can i do a lease amendment requiring payment?