He purchase the property in his personal name, but after the purchase he created an LLC and put the property in there. 

My name is Molly Arnott and I am really amped about getting into more investing and finding financial freedom through real estate.

Their presentations are designed to play on the emotions of sheep, peddling products and upgrades and coaching...all founded on the idea that anyone can do this, you don't need money, financial discipline is not required, etc.If you find a seminar, do yourself a favor and Google the name of the individual, the seminar, or the company.

Create a fake name if you have to.

Your PM and / or contractor should be your best bet. 

I bet you could double or triple your cashflow (assuming an 8 Cap) and your appreciation, depreciation, and mortgage payoff will also be much, much higher.

@Uma Bapat permit requirements are town/city specific so your best bet is to call the city.

Your name 1st place.

It would be very expensive if you take over the property and more than 2 units are vacant or non preforming Even after adjusting your vacancy and adding it $3k per unit, I bet you will still have a good deal.

In those cases, my wife just listed their house on the MLS, but i bet we could have made a case for a sandwich lease to those who didn't need their payout right away.