Treat their "find" as any other applicant that needs to meet your criteria.

i would treat them like a new applicant

.- Structure: Form LLC, if you have looses don't treat it as an s-corp yet, since it is an added unnecessary cost at the moment but do form it.- Have kids: Hire them, they pay no tax up to 12K each and you get to deduct 12K.

Verify their source of income....look at how the treat their car...and....cross your fingers..or look for another tenant...remember..people rent for a reason...

SF short term rental rules treat it as a separate unit, so you must rent for > 30 days for each reservation. 

Needless to say, the property was not treated well and we didn't make much money on it. 

The proceeds from the sale of the original property must be held by a qualified intermediary escrow agent (the proceeds may not be received by the property owner wishing to engage in the 1031 exchange).Concerning you transfer of the property to LLC,  the IRS stated that an individual transferring replacement properties to a limited liability company (LLC) treated as a disregarded entity (i.e., SMLLC) does not violate the Section 1031(a)(1) requirement that the property be used in a trade or business or held for investment.So if your LLC is single member LLC, you can transfer( after you sort out Due on sale clause with your lender) 

Evidently there is some old damage where it was treated a long time ago in 1995 (the pictures in white) according to the owner and then an active spot by the garage door interior. 

I do not understand how people can be in business and treat people like that!

It has a separate entrance as well.The dilemma I have is how to treat the utilities.