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.  

I'd expect Cleveland to fetch a bit more even with more saturation.

These inspections should include electrical, plumbing, and septic/sewer contractors (to address the underground infrastructure) but also can include pool, home/building inspections, asphalt, and more, depending on the park.

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?

I am wondering if anyone has any insight on which areas of Memphis to avoid and if it has been saturated as looking online it appears there are a TON of rentals up for grabs and wondering if that is due to rental numbers going down or if it is just a larger city that has more supply.

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.