Tenant agrees to immediately notify Owner or Agent in writing by certified mail of any dangerous or hazardous conditions existing on the premises.”It was my understanding that even if she were on a month-to-month, she would still have to give 60 days notice.

Maybe this is a Milwaukee thing, but we have a lot who are either not good, cringeworthy to listen or outright dangerous, many of them with 5 star reviews on Google, which is a mystery to me

As a investor / broker/ builder / pilot with 50 years in the industry the one thing that I think is dangerous though is unleashing all these beginners who really dont have the capital behind them and showing them and encouraging them how to get into properties with mortgages is others names and the sellers being to naive to understand the huge risk.  

You are in dangerous territory.

Over-leveraging is wildly dangerous in this market we are now entering and beginning. 

Dividing the property into separate lots and placing them in distinct LLCs is a smart move to limit liability.

Remodeling homes into something distinctive and desirable, like entertainment-centered properties, can definitely set you apart in the rental or short-term rental market.

Want to feel more prepared the next time I step into a dangerous place like the one I saw today. 

The distinction is important with respect to your financing question and options. 

They each have their own distinct feel.