Everything could go smoothly for 1 to 2 years and then once things go downhill, then it can get bad quickly. 

In order to make splitting profits/losses, payment waterfalls, etc work as smoothly as possible, we plan to operate out of a Virginia LLC. 

Everything has been smooth but with said family member in failing health now I am concerned I have not done enough to protect my full claim of ownership on this property.

Obviously due to school I cannot do this so my question is what can I do RIGHT NOW to help speed the process up and if there is anything else I can do to make this investment go more “smoothly” when it occurs.EXTRA: I recently got a job that pays around $450 biweekly.

Hoping for a smooth closing for you (if they exist)

Now that the property is mine, things have been going smoothly.

I learned from experience that going with a lender that either knows you or some other professional vested in the deal makes things go as smoothly as possible.

HOPEFULLY everything goes smoothly.

If you pick a time period like 1-year, you can typically smooth the numbers from things like insurance and tax payments (since they are made on annual or semi-annual basis). 

Me thinks financing might go smoothly just because we'll be using his bank, he grew up with his bank's president.