You can set up a LLC for the project to ensure protection of money. 

@Joseph HennisWhile it's true that rolling all four into one apartment complex leaves all the equity in one property, if the end goal is cash flow then you may still be better protected for the downside. 

I am always looking at the negative implications a and protect my investment.What would you recommend?

I you are going to transfer the deed, I would get cosigners to protect your interest.5) As the owner, she would now be responsible for HOA dues and insurance; would I still need to carry any insurance?

Absolutely protect yourself!  

This will help vet those contractors looking to take advantage of folks, in particular since you’re investing from afarFocus on punctuality and communication – did they show up on time, did they return your call/email in a timely fashion, do they keep a well maintained vehicle, do they communicate in a professional mannerVerify IDOnline search of their name and companyReferences with phone numbers, and previous work – call the references, find out the type of work done, does the type of work they’ve done match with what you’re looking forGet a detailed, written scope of work (SOW) along with a detailed, itemized contract – define the payment scheduleHow will the payments be structured –are they asking for money upfront (potential red flag)Hire a licensed, insured contractor that is in good standing with the Better Business Bureau, and the local consumer protection agency; check the license number, insurance policy, and bond.

The tricky thing is to find that sweet spot of intervention that protects your interests without encouraging tenants to complain about each other.  

An online link to a known falsehood should be required to post to this topic.To allow known scammers to retain membership and posting rights is known as COMPLICITY.PLEASE take action to protect the BP name, public image and the membership as a whole!

I have read and reviewed agreements to protect both me and the person who provides the funds.  

Hi everyone, I have some rental properties that I own in Texas and was looking to place them in an LLC for protection, however I was informed that you would need to pay a franchise fee that would take a large portion of the current earnings.