It is a simple question, one many of us see, but it is an advanced concept for flippers and knowing how to work within seasonality if it is a factor in your market.  

Go with an owner-operated and someone with experience...but who is also hungry. 

This is just a simple example for how a public adjuster gets you more money.

It can be as simple as a binder, business cards, poster etc in the unit. 

I recommend a simple spreadsheet to check your math and it will make it simple to adjust each year.End the complaints.

As I look at it .. there could be simple ways to "Spruce it up" and then there can be more complex ways.

The other person is your investment partner in LLCPartners in LLC pay taxes based on operating agreement and % ownership (each partner gets a Schedule K-1 to report the income from LLC on personal tax return)@Nicholas Dutson more details needed on your property, what it's worth, etc to answer this.

In Florida you can put the advanced rent in a separate account (per F.S. 83.49), and when upon the accrual of rent on the due date, you transfer the money from the account to your operating account.

@Jesse Dominguez-Castelan You should also explore one of the quickest options to this situation - reach out to the seller financing provider and see if he'll extend the balloon a few more years.I did this in the past when my 5 year balloon was about up, it was a simple email checking if he was happy with the arrangement and would extend an additional 3 years. 

We have a portfolio of homes we lease to assisted living operators that cash flow on average 3K a month.