This is a process that can be done on the internet in a simple manner in most states and there are plenty of  filing services who can complete this task for less than an attorney will charge.

The latter is more challenging to obtain because of the current state of the market.

@Kurtis Eaton I have student housing in more northern state but my son is at UAH in Huntsville so the area is on my radar.

This way, once you get a property under contract and are through with your dilligence, you can form the entity which can be done in a matter of days if not quicker depending on the state and whether you pay expedited fees if available.

It is also because I am an out of state investor and need to fly in several times during the process. :) Then you launch the property and the next phase happens.#4) Vetting potential members Padsplit present potential members.

@Kelsey P.Check with your state, you should be able to find what the requirements are for any changes in the lease.30 day notice to vacate is typical for a 30 day lease.I would write up a new lease, give it to your tenant to review and ask them to sign or vacate at the end of the current lease.I wouldn't want any old leases tied to a new lease with an addendum.

And of course this is all state specific..

For reference Google "Title 28 U.S.C 2410"  which covers actions affecting property on which the United States has a lien3.

In most states the act of foreclosure is a long process (6 months or more).

I state this because “what appears to be an ADU” could be an unpermitted unit.