@Jeremy Hartwig  As part of your due diligence, you may want to consider doing a no-cost estimate/pre-analysis of the potential tax benefits available.

But for straightforward setups, you can actually form an LLC directly on the PA Department of State website yourself, and it’s very cost-effective.For larger portfolios or more complex structures, some investors prefer going through a real estate attorney to ensure their LLC is set up to maximize tax benefits and liability protection.

It will familiarize you with the basic terminology and benefits.

I work on both the loan and the realtor side so let me know if I can be of benefit to you. 

If you plan on selling other people's houses you can charge for that with a license.If you are only selling your own houses, there is no benefit...but there is substantially higher liability.

I feel like I am asking for pretty good terms that would benefit him, and if he wants different terms, let me know.

I'm doing a cash out DSCR refi so I still get some of my capital back and can take advantage of cash flow/depreciation and all the other benefits of holding. 

If it's an upstairs living room and those rooms could benefit from having more living space up there, it's still viable.

This is a bright line issue, and unfortunately this is where people lose.RE Pros spend each of the following:More than 750 hours of service during the yearANDMore than 50 percent of his/her time working in real property businessesAdditionally, I talk a lot about the benefits of the RE Pro spouse.

Platforms like Peerspace or Giggster can offer high payouts per booking, letting you earn with fewer ongoing responsibilities.Consider Selling: Selling could free up funds to invest in a property better suited to your goals.Each option offers unique benefits, and I’d be happy to connect you with resources to get started.