Check rules on her 401k with her employer ( vested, not vested) and with her accountant.If she takes the money out and puts it in her personal checking account that will be considered ordinary income and she will owe, state and federal tax, plus penalites and maybe SSI. 

I’ll always remember the person who introduced BP to me as well. 

Is this your personal home?

He’s very confrontational and has threatened me personally when I use to live in the property.

Personally if I could I would only subscribe to my MLS and have no interest in remaining a NAR or a Florida Realtor member.

If there is something I can't personally help you out with, I probably know someone that can. 

My estimates are based on personal experience having done a fair amount of renovation on my primary residences and estimates from friends and family who are contractors.

In these cases you’re going to be sued personally as well as the LLC’s as you will have been involved personally in events leading up to the loss. 

The choice to move it into an LLC is about separating yourself from the asset so in theory, if anything happens at the rental, the person can only go after the house in a lawsuit rather than your personal assets.

While that can be learned, one may argue, the point is about some people having the edge which an entirely W2 person do not have. 8.