I have an option contract to protect me from the owner selling after I start renovations.

I'm in Massachusetts, if that makes a difference, but I'm wondering what are the requirements for a new owner to be able to file a modification to gain the protection of the DPS status?

A heads up - before you send out your deposit accounting read the CA laws very carefully -  thankfully laws are changing to protect tenants from over charges from the security deposit - but this means there are very strict laws regarding this. 

Others will just tie your property up and give you false hope.Not sure where you live at or what kind of contacts you have in Baltimore but after answering the above questions and the decision was to sell the house I would probably post it myself in the local Baltimore Real Estate FB groups, BP Marketplace.If you are local stop in at the Friday lunch at Spirits and meet some of the real players in the Baltimore market.

The best way to protect against these types of suits is to take care of your properties and your tenants so there is no reason to sue you.

We've already agreed on rates, and I'm going to ensure all the paperwork protects me just like it would any other lender (proper contracts, personal guarantee, etc)The part I'm unsure of is what type of entity it should be under, just a regular LLC?

How can my mom and grandmother both be protected?

“Addressing this risk will strengthen U.S. national security and help protect the integrity of the U.S. financial system.”Details of the initiative still to be worked out include which types of real estate, including commercial property, would be included.

Athletes, Entrepreneurs and Philanthropists Visualize to WinIf you want to see a beautiful example of visualization, watch The Queen’s Gambit, the story of a young chess player who uses her visualization skills to win tournaments.The practice has been used for decades with Olympic and other leading athletes to improve performance and accomplish goals.

A multifamily investor may or may not be there but someone will likely know who the local players are