I'll see if I can track down a suitable NoD template that I can work with for those very specific instances.Thanks again,Steve

, total paid I also have a tab for maintenance to that specific unit Was wondering what other things you guys might recommend keeping track of?

When I go to my credit union for a commercial loan there is no junk fees, no origination fee or maybe a half point origination and a better rate.

I pay no utilities and these are all one year leases.2) THEIR CREDIT RATINGCollege students almost always pay their rent.

For asset protection, LLCs are over-hyped - you just need good insurance.Set up correctly, an LLC may give you decent anonymity, so tenants don't know you're the owner and can't track you down to retaliate (happened to my manager). 

The most qualified applicant in my opinion is a family of three, whose credit and background checks are clear. 

Since the property is free and clear, you might consider reaching out to local banks or credit unions, as they often have more flexibility for smaller loans.

sounds like you are on the right track - house hacking or BRRRR to jumpstart the journey is a pretty solid tried and true gameplan

You can do this without a coin-op feature, but then you have to bill the tenants for small amounts which is just one more thing to have to track and follow-up on.

Market rent was about $3,300 at the time, but we agreed to a $5,000/month rent that includes $1,000 rent credit (which was stated on the option contract, not the lease contract).