I am currently working overseas in Bahrain as a civilian defense contractor and won't be back in the US until at least the end of the year, if not much later.

I'm sure this answer varies by state (I'm in Alabama), but I was wanting to know how everyone handles this situation, whereby a Tennent moves their trailer onto your property, then at some point later stops paying lot rent for whatever reason.

And what were the things you thought would be very difficult but turned out to be straight-forward later on?

-Buy a third home now (I would look for another house hack) (with money earned from the sold rental home) and rent out the entire home I currently live in and refinance now or next July (later would keep my mortgage lower with my 3% rate, but would mean that my ex would profit for a year off my payments and would never have to help with future closing costs).

Eventually, it led me to choose another lender in the interest of time.The LLC was formulated later and I am working to have the property rent out.I am looking to transfer the property into LLC for the following reasons1) Liability2) Tax separation from individual / rental property.  

I then completed a wholesale deal a year or two later and that’s the extent of my experience. 

Consider all the things that could go wrong and see if the lease addresses them: unauthorized pets or tenants, early termination, security deposit, lease violations, late rent, eviction, lawn maintenance, parking, etc.5.

He earned quick money as a wholesaler, and I have a house to keep)Rehab cost: $20k (vinyl floor, interior paint, new dual pane windows, new toilets and bathroom vanities, lights, new landscape, new AC condenser, all done by handyman, spent some extra money for minor plumbing and electric jobs, hydro jet sewer lines, clean up attic (had mice), added some insulationTime spent: 3 weeks (two handymen for the first two weeks, one for the last week)Value after repair: probably around $440kJobs still need to be done later: some dryrots, roof work (it's tile roof, roof doctor quoted me $9k, handyman said probably $5k, home inspector said $15k you can get a new shingle roof.

I have used this strategy several times, I buy as a primary residence and keep it as a rental when I buy another house and move a few years later.

In my mind syndications were for later in my career when I had a lot of cash liquidity, my rationale was if I had 20-50k liquid at this point I'd just put it into my own deals.