For context I have a tenant who has been in the property for close to 10 years.

I am owner occupying this unit so I didn't know if there was a problem with putting property in LLC.

Purchase price: $115,000 Cash invested: $42,000 Sale price: $168,000 Unfortunately, we bought this property as a buy and hold property, and our research led us to believe that this neighborhood was up and coming not in a bad area of Jacksonville.

But a really good property, for what you can afford, in a good location like Charleston and wait. 

It started small, just helping to draft LOI's, running down property leads, making calls, but the important thing was just getting in and DOING it. 

(FWIW,$8K on just the compressor seem excessive.)Otherwise, unless your contract with your GC says they will provide 24/7 surveillance, or you can prove the AC was never installed, you own the problem.If the property has been vacant for more than 30 days, most policies won't cover vandalism unless you have added a Builders Risk Addendum.

She knows he probably owns at least half the property too right?

Just closed on a couple of properties a week or so ago.  

Hard to say much without seeing the property.

Then look at places where you can buy those properties, and last investigate with HUD what is the section 8 rental in those areas.In that way, you will collect a lot of knowledge in the process.