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LLC/Corp. with Family Split Property
I have family that has recently come into some inheritance. She has previous mentioned getting involved with rentals with me. Most likely she would put up the money for a down payment and I would handle the day-to-day property management. I'm currently vetting local lawyers because I figure that best option for this type of arrangement would be to create an LLC or another type of corporation. When I schedule an appointment with a lawyer I would like to not sound like a complete babbling fool. Can anyone offer me insight into how they would handle something along these lines? I honestly would like to have this in process or completed before I start to seriously look for a deal, as I would want to move quickly once a deal was found. Thanks for you help in advance.