The lease option needs to be executed properly as well.

Companies like Wal-Mart and Jiffy Lube, as well as Realtors have already been hit with multi-million-dollar lawsuits for sending non-compliant (illegal) text messages without proper (required) consent, or opt-in.You don’t want to risk finding yourself in the same situation, which is why adhering to compliance regulations is so important, so make sure if you are using SMS Marketing for Real Estate, be sure your next campaign is compliant.https://reimachines.com/sms-compliance-for-real-estate/

If it will be months or more, you might simply serve them all with the proper notice to 'cure or quit', or 'non-payment' if that is the case, and then go to court.Assuming you get the judgment in court, you might then simply evict them.  

You may end up lopsided on a deal and you need to have the proper planning and cushion to make sure you are not wiping out your entire bank account and starting from zero 

Why would I put myself through the trouble of posting all these different journal entries to move dozens of transactions from Inventory to COGS just to follow proper accounting that no one will see?

:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+, zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680, some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

It will depend on the state but typically in order for a lien to be valid they will need to show a contract with the owner as well as properly name the owner in the suit.

However, my mother is asking me to visit her to help with some matters, and I'm struggling to balance both responsibilities.My property needs some work to be rental-ready, and I want to make sure it's done properly to attract good tenants and maximize rental income.

Some of these include:1) Your product/value proposition2) Marketing/Management/Customer Success3) Systems, Automations, Efficiency4) LocationTo me, #1 has the biggest weight on the success. 

He is worth his weight in gold!