Sounds like a good one if it's compliant, 6 months ago the you know what was in effect, owner occupied, he's also the contractor so he probably has a problem.

A deed is effective when it is executed, not when it is filed.

You're effectively hiring yourself as a cleaning person - unless you're flipping burgers at McD's on the side, that is probably a downgrade for you.

It can be an effective way of quickly boosting your retirement income though.If I may quote Mike Dermitt, "Don't occupy Wall Street, Escape Wall Street!

The other is the overall boss and he spreads his time among an even larger set of projects.In theory, me, being (effectively) a limited partner should be totally passive.

Section 8 sent a notice that they'll be pulling the tenants voucher and permanently terminating her section 8 eligibility effective 7-31-14.

.  keep in mind I’m just now about to pay rent for the first time since moving in I have a head property damage now and really bed health effects.

Btw, there's nothing wrong with using shutters - they are more cost effective in the long run because they will protect the windows from getting broken.

If you are using the standard TREC One to Four Family Residential Contract that agents in Texas use, then they are supposed to keep utilities on while the contract is in effect. 

My money is on his answer being quite different from what @Joe Gore said, and along the lines of what @Jerry W. stated.I am not a lawyer, but I believe that a multi-owner LLC that is run properly will insulate against external liabilities effecting the assets.