After a few candid conversations, they realized they could negotiate slightly higher rents by offering small improvments..things like better loading dock access or upgrading the security features..turning a so-so cash flow into something much healthier.When you break down your family friend’s situation, it might help to consider these angles:Selling and redeploying capitla could open up opportunities in markets where cash flow is a bit juicier.

If you want to scale using the BRRRR method I could send you a list of properties in terrible Philadelphia neighborhoods where you could easily complete the BRRRR and yes, you could theoretically "scale".

I rarely see ledger boards secured and flashed properly as one example.

Also, added smart-deadbolt locks to each bedroom for extra security in house-hack situation.What was the outcome?

I know I need to hold the security deposit in an escrow account.  

I dont allow tenants to move in without first month rent and security deposit paid by cashier check .

The company I use has patched the issue since then, but security is ongoing, of course.

For added security, consider umbrella insurance alongside the LLC. 

If interest rates stabilize or your property value has increased, you might secure a better monthly payment.

I'm absolutely not interested in leasing fast at all and I'm extremely picky about tenants and I do things like require a large security deposit (even for section 8 renters, I have three of them and love them), don't supply appliances, take my time doing background checks and arranging multiple calls/meetings with potential tenants.