Ask to speak with some of their current owners and current/former tenants.

Tenants that ask for these types of things are typically entitled and will take further advantage in the future if you do not curb this behavior.

@Jordan G. if you're not putting any bedrooms down there, generally speaking you should be allowed to finish a basement.

I've been looking at off market properties in Austin TX and the surrounding areas and have seen that due to the high demand so to speak in this area the prices for a BRRRR property would mostly be around $300K or more, with the exception that I've seen a few properties in the low $200Ks.

It may also help keep the litigation target off your back.As always, check with your competent legal counsel--not all attorneys speak fluent "trust function and formation".

I have 12 acres in middle tn that I am working on entitlement with the city.

@Ryan KonenOne that we believe goes overlooked is courage and the courage to speak up if you have an opinion as well as be open to feedback.As a ceo I am not perfect and do not know it all, If someone disagrees with me - then say it - and know there is not a backlash or repercussions for disagreement.

I would take a look at a couple different things, at least speaking from a tax perspective. 

LLC's do not allow you to deduct any expenses or depreciation that you would not otherwise be entitled to.

But IF the property in question is in compliance with all code, and provides a safe and secure environment, all problems are timely addressed and corrected, and the property is maintained on a professional level, then the investor who has a large capital investment in the property should be entitled to enforce any contracts providing him with the agreed to cash flow.