Managing tenants is no easy task, it takes such a wide skill set. 

What goals do you have set for this year?

And, just maybe you’ve purchased at a point where Detroit has hit its low, bottomed out, and is set to reverse trend and grow.  

Do you have money set aside?

You set your own payment terms with YOUR client and then find funding for them.The Capital Syndicate is a private lender firm that offers financing through their own company, but they also provide you with a list of about 150 other private lenders. 

To off-set the depreciation recapture, it would seem reasonable for me to request a concession (e.g., more shares) that's outlined in the Operating Agreement.

I think having a balanced budget would be ideal where you allocate money into buying another property and money set aside for renovations.

@Sami Gren I would not recommend accepting rent through a random App that you did not set up yourself.

@Melissa StanleyEven if you set up an LLC with a partner there is no inherent tax savings by owning properties in an LLC.

Once you’ve set up and marketed your rental, use the cash flow to scale your portfolio over time.