If you go short-term rental, I would 100% fix it to use for guests especially if it is only $10,000 like mentioned in the post above.

@Nicholas SoraceAs mentioned why you putting it in a llc?

The rent amount you mentioned is not correct.

I doubt the companies you mentioned above (both good) probably would not go to that extent, but they could.I have had borrowers or lenders (buyers and sellers) die, get divorced, go bankrupt, default under every loan provision, become incapacitated and even go to prison!

As others have mentioned, you need to ensure your paperwork for the deed is congruent with whatever is on your promissory note. 

Although I rarely watch any of the gurus promotionial materials these days, the 40k flip program caught my attention enough to watch the pitch, especially when I saw him mentioning N.E.

,Potentially a pressure wash like @Scott Mac mentioned.

@Sanjeev AdvaniAnother city out west not mentioned here is Reno, Nevada had under 3% vacancy for Q1.

James Harper,You absolutely CANNOT do as was mentioned with the credit card as your name is on the card so you are the guarantor on a line a of credit which is prohibited.You should not be doing much more work than fixing a light switch or changing a filter.

You mention a dishwasher and I also look to add those where I can.