They said it was a lot easier and better to simply create a new LLC to properly match what you are trying to do.  2) So, that is the other route, creating a brand new LLC.The PartnershipThe hardest ship to sail is a partnership, and there is no "fairest way" to do things. 

Read a couple of books first, so you have a fresh start with some of the basics before you go.   

If you are that far below market rent, then you should consider terminating this lease and starting fresh with a new tenant at market rate.

Hello,I am brand new to BP- looking to invest in rentals and flips.

I enjoyed reading your post and the sense of newness and freshness of the start of your journey.

We even have brand new homes that cash flow more, due to the fact that the builders offer a much lower interest rate.

We have brand new duplex's in San Antonio that cash flow about $500/month.

We have a few single family homes in Kansas City, in a nicer, brand new neighborhood (built 2022).

Focus on Brand Building and MarketingA strong brand and online presence can significantly enhance deal flow, tenant acquisition, and investor confidence.

By way of example, I picked up an oceanfront condo in March for $640K, minimal work needed to be done, only changes for my aesthetic/brand purposes and here they come turn key so only updated what I really needed to (which also gives you an opportunity to cost segregate).