State - it depends, you can have real estate transfer tax issues / re assessment issues. 

One thing to consider is how fast can you get the job done vs hiring out, and is your rental available dependent on when the painting is done?

I'm not thinking about my opinions when it comes to choosing a beach investment, I'm thinking about the rest of the country.

If you do a search for LLCs on BP, you'll see a range of opinions - it depends on your individual situation and risk tolerance.For 2024 if you have an LLC you have to file additional paperwork with Corporate Transparency Act or face fines from the IRS.

That could get you enough to do the whole renovation depending on what you plan to spend. 4.

Depending on your situation, there are also interest-only loan options that can increase your cashflow.

What is important is building the team in the market you choose to invest in.

@Kelvin Ng Depending on the deal, my feeling is the liability is limited as the Noteholder. 

Depending on how you set them up, they may not be able to force a sale, but they might get a charging order against any distributions, which basically tanks your mom's retirement plan.Two other ideas for you:1) See if the DSCR loans would be enough to get her out of debt.  

Fast forward 15 years and I'm here to make new friends/collaborators and share some of what I learned.There are still deals out there but as always your mileage may vary depending on what you are looking for.