But, I hear it’s common that they will name the owner(s) of the LLC as well — the “name everybody” on the suit principal.There is lots of ambiguity given the talk on how easily the corporate veils are pierced (which sounds likely as most people don’t seem to protect it well).Good luck.

@Krista Burke Welcome to the real estate world; where there are choices to see what best suits your time and money. 

But I had the belief, if we had the will - we'd figure out a way to make it happen.We ended up finding a niche that suited our situation well - wanting to scale to commercial multi-family properties with no money in the bank.

It's a SFH 3/1 with a detached mother in-law suite 1/1.

Hi @Colin WilliamsWith month-to-month leases, it sounds like the most straightforward option is to give one of the apartments an 'End of Term' Notice, effectively ending one of the leases. 

With that in mind here's why;Moving real property out of a S/C- Corp is taxable when it comes to capital gains and a personal suit of judgment against you or one of your shareholders can filter through to the corporation.

Hard money lenders typically charge a much higher interest rate and are better suited for short-term loans.

But, for example, FHA has a requirement that you can cover the mortgage on your own effectively if the other units go empty. 

Anyone can cook but that doesn’t make them a gourmet chief (or even a fry cook) and unless they have put thousands of hours into of effective relevant work and have a good sense of taste and understand what others want then they will not be able to maximize the results.

Looking to buy a duplex (suited, ideally!)