Saying there are three people living there when only one is on the lease is good to know, but hard to prove; getting video documentation of three people consistently entering/exiting the property substantially alleviates that difficulty.During your due diligence process, you probably obtained a copy of the existing tenant's lease to review.  

Hello, I’m seeking advice, methods, reality check, whatever it may be. Basically, is property 2 income worth doubling down and keeping  
We currently own two rental properties (details below) and are ourselves rentin...

I assume even 100 grit would sand down the existing stain, is there any reason we should lay new stain (aside from aesthetic), or just poly and be done with it?

What are the advantages of doing a BRRRR on an existing property vs. buying the land and building a new house from the ground up? 

It would be much harder to do any of this with existing electrical since it was giant web of a mess.

However, if the new month to month leases change any terms of the existing oral agreement (utility switch, rent increase, etc.), the tenants will need appropriate notice of the change in terms before they can be asked to sign new leases. 

Upgrades/repairs include:flooring (tile and carpet, entire house), painting (entire house), complete kitchen renovation with new appliances, cabinets, sink, lightingcomplete bathroom renovationsupgrade/replace ACupgrade/replace existing hot tub  upgrade/replace furniture/bedsupgrade/replace old pier with newadd new kayaks, paddle boards, and bikesI am thinking anything that is removable (furniture, appliances, water toys, bikes, pier, etc) could qualify as an asset for the LLC and thus be used as a tax expense for the LLC.  

They all lead to a significant negative monthly return due to one or more of the following reasons:1) Asking Price is too high2) Traditional loan rates (FHA and Fannie Mae) are too high and affect total debt payment3) Existing rents are too low, so loan underwriters won't approve.4) Market Rents aren't high enough5) I would like to use the minimum down payment with FHA (3.5%) or Fannie Mae (5%).So, from all of these attempts, my understanding is the only way to make a house hack work in this region where I would at least breakeven on a monthly basis, is to purchase at a significantly lower price, lock in a nice creative deal or bring up my down payment to at least 20%.

note if you did not have the cash to purchase via traditional Means, this could provide an option where few options exist.  

The majority of their Syndication exists through Zumper and a small portion through Zillow; however, with the company transposing values such as units with the term lot, they will quickly get you blacklisted!