It sounds like there is a tenant in there.

Sounds like it could generate some good monthly income, but it could also be a hassle being that far away and only 1 property.Yes, but we have friends in Fairhope that manage rental properties so we aren't as concerned about that. 

Plumbers should be close to $100 an hour and this sounds like four man-hours, maximum.

It doesn't sound like a lot from your post.

They sound like quacks.Mike

With my mortgage eating half of my income, it sounds crazy to take a second one. 

It sounds like you are missing a conversation with the tenant to understand the situation.

Sounds like PM doesn't like to do anything for noise complaints.

Check out this recent thread on LLC’s, it’s pretty eye-opening that of all the very experienced investors on here, with centuries of investing experience combined, the consensus was that LLC’s are not needed for most investors:  https://www.biggerpockets.com/forums/926/ Of course gurus will tell you that you need one before you even have a single property, because it makes them sound smart.

One lender I spoke to said they can do DSCR on it 7-8% no prepayment and up to 90% ltv which sounds great because then I don’t really need to refi right away because not puting the 20% into it I’m find puting 10% if it can cash flow a little and on to the next so they are in the lead for now.