This is all fresh in my mind because I'm currently working with a borrower in TX who is using this type of entity structure.

For example, a few years back, I was working with an investor who wanted to break into the Phoenix market - a solid choice, by the way, because of the rental yields—and we ended up uncovering an off-market duplex that wasn't even on her radar.

Alot of Memphis residence are moving into the area because of the better quality of life and opportunity opening up thats new and fresh as compared to plain ole' Memphis.

Secondly, because we're almost at the end of the year, is this something you recommend people look at starting soon so they can start fresh for the new year?

You can't hold them accountable to the terms if they aren't on the lease.I would remove all of them from the rental and start fresh.

I'm particularly passionate about Fix and flips and Airbnb.Outside of real estate, I enjoy spending the valuable moments with family, friends and building fresh water fish tank aquariums as a hobby.Excited to learn and connect with you all!

You could also offer a gift card to a local gym to keep things fresh for health-conscious renters. 

And with more renovations, you will start to get better at ball parking things, but even then you will always uncover items, so make sure you are baking in enough profit, even after conservative renovation budgets to feel confident you won't lose money.

You might uncover some hidden gems with solid cash flow potential.

I filed a police report regarding the missing property, but that’s unlikely to lead to a charge and conviction.So, what action do I need to take to help a future landlord or a potential LP uncover these facts in their due diligence?