How to structure this deal
My aunt recently had told us that she's planning to sell her property in the next year so she can move to Maryland and be semi-retired. I've looked at her property and it seems like it could be a good rental deal bringing in 1% of rental income relative to its market value. I just need to know what's the best way to structure this deal if I would approach her of the possibilities.
She might need some money but not necessarily all of it. I believe she has about 80% equity of the value of the house now.
Should I ask her to owner finance?
Should I set up an LLC to purchase the house?
I just want to make sure that it's a win-win for both of us. I'm not looking to take advantage of her, otherwise we'll just sell to the highest person we can sell it to. Thank you!