@Eric TanHe would still have ownership which makes him responsible to maintain R E Taxes and insurance unless you structured a Triple Net Lease.

Given the responses on this thread I wanted to recap my own situation and make sure I understand.I currently have 2 SFRs paid for that I want to access the equity from.

It was basically a "point the finger at other tenants for high usage each and every month" To their benefit in many ways I agreed with them as I wouldn't want to pay for other people who weren't responsible for water usage.

I think you can see by the responses the NPN and note business is the new guru target how to .. those in the business as you can see are in the business.. and have substantial investments in the notes and a lot of volume..

thank you for the response.

I greatly appreciate your responses and time gentlemen.

You should do the replacement of the flooring and bill her for the portion she is responsible for now.

Let us know what kind of response you get.

I wouldn't allow pets because some people just are not responsible pet owners, and rather than you find out after a move out, best to just now allow it, unless you allow caged animals.

Just transferring the ownership of the home to an LLC won't change who is responsible for the mortgage.