If he is the only one lending he will be auto 1st lien holder and yes attorney will take care of that.

If my guys and gals I fund want to use them I don't care I just don't want to deal with them.PS I like the car business if I was not doing this I would own a dealership... and I would finance sub prime auto debt.. big money in that these days.a few of my fishing buddies own big stores like Toyata and Chevey stores they as you well know make bank.. 

Currently I have 8k auto debt which I could pay off whenever.  

On a more specific note, increase livable square footage is number one, new mechanicals is probably number two, cosmetic updates would be number 3

But it syncs with all of my credit cards and all of my bank accounts and Auto categorizes my expense and income items.During setup It pulled my property tax information automatically along with all my property characteristics, square feet the number of bd/ba all automatically.

I am getting updated with the latest properties available via auto-alerts and searching on Craigslist (I know these are probably not the best places for deals) but it seems like most of the properties make absolutely no sense as possible investments due to the high GRM.

I'm also not that mechanically inclined.I'm not so keen on solution 2-4 as it would require intervention from the tenant to cleanup and replace used up portions, and I'd really like the tenant to not have to think or worry about placing or emptying stuff.  

Now I'm looking to get out of my present line of work (mechanical design), and build a company to include different aspects of real estate.

Some of the costs involved are licensing fees, continuing education, errors & omission insurance, general business liability insurance, increased auto insurance, realtor board membership dues, sentrilock fees, css fees, mls fees. 

Any experience with common brands and which have a strong locking mechanism?