I do not think she will go quietly and I'm trying to gameplan out process and wanted insight from other investors... when you're about to send someone notice to vacate and don't think it will be a clean process... do you also start the formal eviction process at the same time as you send the 30 day notice to vacate if they're behind on rent?

Is there another more correct term/process for this?

We’re planning to rent our home when we move—but we know we will be moving out of state. 

Hi Kenny-Great question about whether you should put a house you plan to live in and rent out parts to others in an LLC.Certainly putting it in an LLC would help with asset protection and limiting personal liability.However, you may lose the ability to claim the part of the house you live in as homesteaded tax rather than the higher non-homestead investment property tax for the entire property in an LLC.

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $252,000

Cash invested: $25,000

Brick house, 4 bedroom, 2.5 Bath

How did you find this deal and how did y...

Instead of explaining that they haven't planned the work out to that level of detail yet and getting back to you with answers they don't want to admit they can't answer on the spot and respond with frustration because they don't know how to handle the situation and are emotionally immature.

Try looking into zillow/Redfin and see what your potential rents you can get near the neighborhood by filtering the bedrooms/bathrooms of the intentional property that you are planning to buy.

I am planning on house hacking another multifamily putting only 3-5% down in a year.

My initial plan was to buy homes at wholesale price, fix them and retail them through an agent.

The tax question with vary each jurisdiction and isn't part of the mortgage process.