Purchase price: $307,000 Cash invested: $118,000 Purchased in January 2021, we successfully renovated the interior and exterior of this home that resulted in a premier vacation rental property.

The only thing a tenant does it prove the rent you can collect as opposed to a proforma of suggested rent.

Rents are $3K but we're aiming for $4.5K/month* Went from a 3/1 to a gorgeous 5/2 and from 988 sqft to 1,700 sqft* Spent $225K, with $150K on the basement and exterior, with the rest used for upstairs, furnishing and landscaping.

It merely is includes in the offer now as opposed to being listed on the MLS. 

@Ben ClingerHi Ben, I just noticed your post.Toledo just clarified their inspection criteria for section 8 houses and decided they wanted their cake and to eat it too...we don't have to have an interior inspection (since LMHA inspects that during their inspection), but we DO have to pay for a Lead Inspector contractor to visually inspect the exterior of the house and of course we DO have to pay the $45 fee (which is of course what this is all about).LMHA of course inspects the outside of houses along with the inside so the whole lead inspection is redundant.

These are quite literally opposing areas in nearly every facet.  

Updated backyard with artificial turf, painted entire exterior of home, replaced carpet with vinyl planks.

Yes, getting sued is a risk factor and I've been involved with frivolous lawsuits which are not fun, but in my opinion you'd be in a much better spot owning a property in your personal name that let's you keep an extra 10-20% of the purchase price in your pocket as emergency funds, as opposed to buying the loan under an LLC that requires every last penny you might have to make the higher down payment, then you have to operate on a shoestring.

Taking legal action against another party necessarily involves questions of law and can result detrimental legal impacts on him if he files a lawsuit without proper grounds to do so, or where the opposing party may have counter-claims against him.

As opposed to fixer SFRs, you can figure out who a lot of potential buyers are, and assign the contract during escrow.