That always makes it so much harder to rent, or secure a great tenant.Here's my standard go to list now for long term rental updates:-LVP that looks like wide plank white oak-Ultra Pure white on all the walls-Vertical/ modern stack backsplashes and showers-Pop of color on the cabinets (pop of color can include black too)-Butcher block countertops (lower end) or white quartz countertops (higher end)-Modern light fixtures in brushed brassKeep it neutral still but a couple of style choices with the light fixtures (which are cheap) and it will appeal to the masses.Good luck! 

Remember that books are going to be out of date to the market standard pretty much right after they publish. 

Its standard builder grade that I believe most people are sick of. 

My business partner and I have a joint LLC (shared business bank accounts / credit cards / etc) - pretty standard stuff.

But, for instance, someone who has lost their job, probates, someone who has been transferred, needs an immediate sale, it's been a long time on the MLS but hasn't sold, plus properties not up to MLS standards so they won’t list well on the MLS, and other of "life's occurrences" are all reasons some people sell on subject to.

A third party likely purchased that debt from the original lender (uncollectible by typical debt collector standards) for pennies on the dollar. 

Is this standard practice in the legal field?

What about good Standard Operating Procedures (SOPs) to make it easily repeatable?

If you have just one long-term tenant in your house hack duplex, and you're taking a $30,000 guru course on making money from assisted living or storage facilities or on running a syndication - it is probably not deductible under Section 162. 

But it you really want new financing you  should look into either a standard fannie/freddie investor loan or a DSCR loan depending on your situation