Brian:The fact that you made the effort to transfer the property to your former tenant's family will serve you well.

I'd agree given these examples - the LLC provides some protection - but serving as you own PM opens you up to personal liability for any PM mistakes or oversight.

The mortgage is the security instrument that says that the property will serve as collateral for the loan, and that is why the borrower is the one giving the mortgage.

If your lease expired you simply go month to month with the same terms of the existing lease in place unless you or the tenant gives a notice otherwise that you want to change the agreement.If you can't agree on the new changes then you have to give so much notice to move out.Of course when the tenant does not pay their rent at all then it negates some of their rights.You have to give a notice,then file for eviction,then wait for marshall to serve court notice.

Before you get the LLC though, do some basic research and find a company that will serve as a REgistered Agent in SC.

what purpose does this thing serve?

I think that area also serves better for rentals than flips right now.

Good luck and thank you for serving our great nation!

I'm not sure that is serving anymore.

If the leases have rolled to month-to-month, you can serve them (typically) 30 days notice to vacate.