The home was left to my father so I’ll have his attorney write up a purchase and sale agreement to sell it to me. 

And in this hot market, it might not matter, but in a more normal market, if a house goes pending then back on market, every realtor starts questioning why, and diverts clients away.Disclosures are very important, and I align with you.  

One consideration is what is the norm in your rental market - it is best to align to other landlords unless there is a strong reason not to.Advantages of having utilties in owner names:- You know that the utilities are paid. 

The seller left a credit of $8985 in an escrow account to pay for the roof from a quote they had gotten through a roofing compnay.

thank you very much for all your comments, I was curious about the LLC as it maybe an easier way to separate the family business part from my own, since the capital source, expenses and earnings will be separate I'm trying to keep it as clean as possible while leveraging when possible. everyone's comments are aligned and I will talk to a CPA, by the way!

The downstairs unit we fixed few issues and left it at that.

The downstairs unit we fixed few issues and left it at that.

Additionally, he left all his tools at the worksite and I message him to get in touch with me to arrange for pick up. 

But there were some maintenance costs and one of the tenants was really difficult for a few months and left $2,000 in unpaid rent and damages.

Now you will prevent any mold left behind hopefully from contaminating the new work.