If you go that route you need several documents to protect you and effectuate taking over mortgage payments (POA, notice to release, etc. )If you only have a strict 90 days to do this then in your agreement that should be spelled out but several things depend on your relative and how secure he wants to be in the fact that you will basically hand the house back over to him at the end of 90 days if you haven't sold it.

Save up another $2k while you drive that, sell it and buy a $4k car. 

Im looking at the lower streets the closer to downtown the better, Im looking for multi family basically something in a nicer area to develop a building for good rental returns...Do you have any good suggestion right around the half million mark, preferably with approved plansThanks!

I basically show the house to a PNTs and advise them of the credit/background/eviction checks they have to do and the price for that.

He has a good basic and working knowledge of real estate.

My immediate goal is to begin my management business by offering basic services to "Mom & Pop" Landlords that currently hold small-medium sized multi-family rentals.

The cost of living is significantly cheaper and they are driving up home prices which is affecting the affordability for working class families.

And yeah I've been contemplating an LLC - I'm in California but an extremely rural area.May need to drive 5 hours or so to get to the Bay area and find someone potentially familiar with day traders lol.

Or basically how do I absolve myself from liability here?

My main reason for considering commercial is because 1) the duplex and triplex and even 4plex market in my area is very competitive and it drives purchasing prices too high. 2) I guess I’m kind of a pretty ambitious guy and my wife has followed my lead and trusted my guidance and I want to help our growing family (2 kids and 1 on the way) meet our financial goals as fast as I can!