Once my assets started to grow, I had to start using LLC's - but I was willing to roll the dice early on.Also, I'm not a lawyer and have no idea about PA laws, but check to see if your liability may be different in PA if the rental property is also your primary residence as in the case of a house hack.

The unscrupulous investor will:Have the homeowner sign a Quit Claim Deed in which the homeowner signs over their ownership in the property.Fail to explain to the homeowner that they, the homeowner, are still responsible for the mortgage.Fail to warn the homeowner that they could be violating their “due on sale clause” with their lender.The homeowner is usually elderly or part of an at-risk population (English isn’t their first language, disability of some kind, etc.).The Division advises the following when it comes to these types of rescue transactions:Don’t sign any documents or a deed to anyone until you have had a chance to talk with your lender and an attorney about your mortgage obligations and your legal rights.Colorado has a Foreclosure Protection Act that affords you certain rights when you are financially distressed.It’s best to take proactive steps when you first start having financial problems, and here are some resources that you can contact:Colorado Housing Connects – Colorado Foreclosure Hotline – Colorado Bar Association “Find-a-Lawyer” – Colorado Legal Services – Disability Law Colorado (Formerly The Legal Center for People with Disabilities and Older People) –  Subscriber Services:Manage Subscriber Preferences | Help POWERED BY Privacy Policy

@Michael FernandezI’ve used Eric Weingold (PPM Lawyers) for my last two syndications and am very pleased.

When you look for a law firm or lawyer to draft your estate plan, do not just price shop.

I am a wholesaler in Illinois and I wanted to know do I need a lawyer to send a seller a offer?

@Scott Nguyen most lawyers will tell you yes.. an LLC for every property.I go by the rule of 100-200k of equity per LLC.

I know of people who have rented to lawyers and a lawyer can take a landlord through the ringer.You can always start off with a property manager in an area you can afford and move into another neighborhood as your finances change.Good Luck!

Just make sure you get a very good lawyer because there are also a lot of scams going. 

Does anyone have any lawyer recommendations? 

For now you should hire a PM and a lawyer to manage your business..I am not aware of any regulations baring you from terminating a lease at any time of year.