Should I continue renting or sell and get a different property since I think the condo is a ticking time bomb for a big project in the future.  

Then, we sell for a 9cap in five years.”- Rick and Ricky, SFR gurus“We bought this house in Toledo for $31,500 and sold it 10 years later for $34,000”:-) sorry my Toledo friend :)

mortgage is still in your name until you sell or refi

and also what would you say was the most challenging thing you had to overcome before developing a successful process for investing?

I figured it was mostly a relationship building process but my main line of work isn’t real estate so even ideas on where to go or groups is appreciated. 

We can get a lot of different types of loans through these connections, which makes the whole process go very smoothly.

You have to pay capital gains regardless of whether you had a mortgage once you sell unless you do a 1031 exchange in which case the process starts itself over and you don't have to pay capital gains tax unless you sell and don't 1031. 

I responded to her FSBO ad and made my offer which she happily accepted: a 36 month lease option; I'll bring her mortgage current, (1 month, $800), and continue making the monthly payments; option to purchase price of $88K, (my estimate of value, $100K); and I had the right to buy, sell, sublet, or assign the property at any time during the 36 months.

.- Flexible transactions make it easier to sell, transfer, or refinance individual properties.Considerations- State variations mean that not all states recognize Series LLCs.- Management complexity necessitates careful documentation and legal compliance.- Lender familiarity issues arise as some lenders may not understand Series LLCs, thereby complicating financing.A Series LLC offers a streamlined, protective, and flexible way to manage multiple real estate investments.Thanks,

In his initial email about the agreement he said:“We will be providing monthly updates to our investors, along with quarterly payments (or larger chunks depending on if we sell the asset off).