I did so in all kinds of business operations for over 25 years without any incident.A business entity should be set up for business aspects, taxes, accounting, ease of administration, marketing aspects and it's strucure is governed by law that addresses liability.

Using a third-party administrator and self-directing some of those funds (from an IRA or 401k, or even from a HSA or ESA) puts some of the control back into your hands.

As much as it humbles me to have to agree with Bill (Just kidding, Bill) I have to agree with Bill.He's right - one, you have a contract for deed and your view, or your contractual agreement that you can elect when to turn that relationship into a mere tenancy and treat it as such, may not fly - probably won't fly.Bill is right again, (man, this is painful) that landlord/tenant court will smell quickly that this conflict is not for their shop, and push you down the hall to civil court.Ok, now Bill is right again, in my opinion, in that you need to see Mr.

Emotional pain is powerful.

It was painful, and I was cranky, because nothing drove like a Saab.I bought a new BMW X-1.

We would do a TIC with you but you would need to bring in more than 1-2Mfor it to make it worth the administrative burden.Again when we sell the asset in 5-10 years anyway you will be in the same but worse predicament.

Account ClosedIdentify your pain points - WHAT is taking up your time?

Slab is a PAIN to treat, but crawl and basement can be checked for entry areas easily enough.

I love the BRRRR strategy, but the more properties and LLC's I get, the more painful the loan process is.

With a new administration, we may be looking at further lockdowns which may adversely impact tenants.3) I own an office building and residential units.