She talked to you ahead of time which was good, but then didn't respond when you told her she was $150 short.

You can even pull off The Office "win win win" scenario with 3 parties all coming out ahead.

@Heather Rummel why'd you buy and NOT do all your homework ahead of time?

Hey Jean, no hard rule to this but with properties I've sold, I always think it's best to communicate with your tenants to get ahead of any potential issues.1) Potential buyers will likely need to walk the property, so you'll have to schedule with your tenants.2) They might see the house on Zillow, Redfin etc and think "Am I going to get kicked out?

To learn more, read books, visit websites, chat on forums, and try apps like Mint, Robinhood, and Zillow.

I have visited there a few times though. 

If you still want to spend the money I'm sure a group of us on the forums could team up and only charge $19,999 and will do it in a month for you and you still come out WAY ahead of the other guy!.  

Be ahead of things to get the most from your property and make a nice place for people to live.Good luck!

This is where a little planning ahead of time can go a long way.

The structure doesn't really matter at this stage and unless you have cash, you won't be buying in an LLC unless you utilize commercial loans, as you said, like DSCR, but you will be putting 20-30 percent down to get those loans.You are bit feet ahead of head here, excited, but focused on the wrong things.