Two separate issues though, combined to make your scenario.First instance: the tenants were not inherited, but they had domestic issues.

That is why you would like to get a holding LLC in a state where the charging order is the only remedy (like WY for instance that also has other great LLC benefits).

Otherwise, save your equity and put together a great "game" for him to play that allows him to share the profits of the business (10-25% for instance), while not being an owner.Good luck out there, Brian!

In fact if you plan to work with a real estate investor, it may be beneficial for you to not have your license as there are some instances where having a license actually hinders some of the things an investor can do.

For instance, early on in my investing I partnered with a guy on several rentals and contributed $0 by being the boots on the ground (I provided the off-market searches for property, project and property management, and all day-to-day tasks to keep up the property).

In one instance, I took out an unsecured personal loan to cover the difference.If that doesn't work, you could go hard money and use a lender like Lima One - there are others out there.

For instance I was looking at a duplex and since I would need a PM anyways, I started calling the local ones and vetting them.

For Instance, let's say similar properties in the area go for a 6% CAP Rate, your property Grosses $200,000/year with $50,000 in expenses for an NOI of $150,000. $150K/.06= $2.5 million.

We have properties were the energy efficiency has been improved by more than 50% (over 70% in one instance).

I should add that Charles' attorney made these documents and then my attorney (That i had never worked with until this instance) reviewed the documents at the beginning of all of this.