It sounds like the house would be in his name; I'm not sure what type of recourse you would have. 

I've been told the answer is to set up a revocable land trust with the LLC as the beneficiary of the trust and an appropriate trustee structure.

Depending on different factors, primarily lot size and location, we have even been paying $1m+ for houses to tear down in Seattle and $2m+ in the Eastside . 

I currently have a 2 unit house in the village of East Syracuse that I currently house hack.  

Most of these online platforms can be set up to send automatic late fee notices and payment, archive tenant contact info and accounting.

Each DPA carries it's own set of rules and time frames before you can sell or refinance but in cases of speed up equity it can be done.

For me, personally, it's areas that are landlord basic to friendly, strong industry growth or potential growth, and personally I trade/buy/invest in houses that I see inventory pick up but the fundamentals stick meaning it's a great area.

Particularly be sure to include your goals for real estate investing so that folks can help you. 2) Follow your favorite forum topics and set up keyword alerts!

I have tried setting up several units on my own and it led me to frustration, wasted money, and wasted time.

It's like buying a house and wanting to throw in a jet boat and 'bundle' it.