Its becoming more common to see people offering an individual room!

Does seller need to disclose tenants have assistance?

Truth be told every single individual has different aspirations and definitions of what being "successful" truly means. 

Also, as you confirmed, this does not affect his credit personally nor will show up on his individual credit report.  

Thank you Brian, I was able to find the owner and I believe this individual is paying their taxes from what I've found thus far.

You can network with like minded individuals and get all your questions answered.  

Let me run a scenario by you... and here I'm just playing devil's advocate I'm sure you're already frustrated with this individual and sounds like you've already made up your mind.Scenario #1 tenant breaks shower door:Tenant doesn't disclose to you that they broke it and moves out only to leave you with a large amount of water damage AND a broken door.

Individual cases aside, if your risk is too much of the probability (such as East Rift Zone 1), you eithth have grandfathered policy, uninsurable or premium is astronomical.  

Or is the procedure identical to setting up a regular series LLC, except that the 401k trust will be the sole member, instead of an individual person?  

We have a family friend who is a real estate agent and has been assisting in the property hunt and showings, etc.