And if your investors don't require that you do, my question is - how do you, as the sponsor, get comfortable around the idea of taking money without a clearly underwritten path to get it out.

I confronted her that I don't feel comfortable with people entering my home when I'm not there because of my valuable possessions and my dogs, and that I'd like the 24 hr notice so that I can make arrangements and also make sure the house is as presentable as possible, considering packing and moving will be taking place.

https://www.biggerpockets.com/forums/12/topics/232...I have a background in interior design & certificate in Building Construction.

Generally speaking, LLC's are designed to protect your personal assets in the event someone pursues a claim against the business. 

The guesthouse is the original house built in the 1930s and the front house was built in the 1940s, so it wasn't designed to be a duplex. 

I would certainly feel more comfortable making the repairs after the property belongs to me. 

but hadnt been touched since...so the stucco has these disgusting seashell designs on it....The kitchen cabinets,although in good shape,are very dated also...and the windows are double glazed,but they are the original windows from the 70's it looks like.we are both low on money and could probably just afford to fix it up to the standard matt wants to.But what I am trying to convince him to do,is to rent the house out for the winter and save the income from rent (we own the house right out so have no mortgage) then come back to it next summer when we have the rental money and money we have saved and using that money,-put siding on the house.

; )2) Is comfortable making low-ish offers.3) Who is equipped to make offers at showings and distribute documents through DotLoop or similar.I'd love to hear any recommendations or referrals you may have!

I have a background in Interior Design that did not become my profession but taught me just enough to be dangerous as they say. :-) Phil has been in the construction industry his whole life, primarily single family homes and has recently transitioned into multi-unit residential developments.

IRS has disallowed PATs since 2006, they were a tax shelter designed by insurance companies, and they were always kind of sketchy.