Based on my own understanding, the big differentiator for needing a license is based on fiduciary responsibilities, also known as Agency(with a capital A.)

Moreover, set realistic expectations within the scope of their responsibilities.

All responses are very appreciated.

but then why do i have to live in a single family resident for 2 years to avoid taxes even if I have it for investment purposes?

We just form an LLC and an operating agreement that lays out everyone’s responsibilities.

Ive got nothing but good things to say, they are responsive and good at their niche.

Thank you for the response @Christopher PhillipsSo how do I make sure that he's paying the mortgage every month, especially if his payment eventually exceeds my rent payment?

Payments shall be due the first of each month via EFT, or otherwise agreed upon delivery.b) Passive shall be defined as the status quo of Scott maintaining a full time employment position in government or any other W2 employment based position, temporarily unemployed, disabled, or retirement for purposes of defining his level of effort toward his business endeavors. 1.Should Scott choose to “actively” engage in housing as his source of employment as defined above, Scott agrees to give 5% (five percent) of his net profits accrued from his active efforts during the period of marriage to wife in the case of a divorce.2.Payment of such percentage of funds shall be payable over 120 equal monthly payments, or equivalent to no greater than 10% of Scott’s New York State Adjusted Gross Income, verified annually with payments adjusted the 1st of November each year, whichever is less, to ensure no undue hardship to Scott or the business will be endured.

The rest of the documents are for internal purposes.

That would be correct if OP's father has made or intends to make an S election for the LLC.Since OP did not specify tax status of the SMLLC, we're left to assume no alternate election was made, and the LLC carries the default tax status: 'Disregarded Entity'.A DRE should not be issuing W-2s or 1099s to its owner as it's effectively dissolved for federal income tax purposes and there's no distinction between the owner and the LLC.