We want to make sure the tenant is not blindsided when they receive our final report and return of deposit.As long as you act with integrity and within the boundaries of the law, you will be fine.

Still further you could look into a PMS system that will also integrate messaging on different platforms so you also have a central inbox.

The best way forward is to constantly give value and do so with integrity.

Pay it off for your integrity, but only when it's been 7 years and has fallen off the credit report. 

Here are my numbers as it sits:Income:$2600Expenses:$650 - (vacancy, repairs, cap ex, management)$250- taxes and insurance$180- owner paid utilities$300 - my cash flowTOTAL: $1380Left to pay monthly mortgage: $1220So given these numbers I can still get this thing to cash flow, and if for some magical reason I could ever get the city to change the rental license back to save the integrity of the property, this would be a home run! 

Depending on their experience and integrity, this number may or may not be close to the real NOI for the project.

Also, Baton Rouge is a fairly integrated market, where there are a lot of old developments in Tigerland that are actually closer to campus than new student housing development.

Found a highly recommended, vertically integrated company to help as an agent, property manager, and overseer of the rehab.

So it is like a car transaction in terms of title.But based on the integrity of the numbers involved it should be treated like a real estate transaction.

(integrity)     Trust is the most important and hardest to earn which is why starting with family and friends seems to be the easiest.