This is probably a place where you go to one of the personal loan sites to borrow money or maybe a credit union. 

Completely agree and wouldn't normally purchase a rental in these markets personally.  

DSCR Loan (Best for Scaling Portfolio) 💰✔ Approval based on rental income, not personal income✔ Typically 20-25% down✔ Higher rates, but no income verification✔ Great if you want to buy more properties quickly4.

AND prices have come down a bit in the last few years.Get a good grip on your personal spending and CUT BACK on everything for a couple of years.

What are the rules for removing this person, as I understand it he falls under hotel rules, not the landlord tenant act.

You go out and buy an apartment house and then hire a property manager so you don't have to personally spend time on the property.

@Jason Lopez You don’t need an LLC to rent out a house in San Antonio, TX, but it can provide liability protection by separating your personal assets from your rental property.

In my personal experiences a lot of structural items start with bad drainage.

@Tim Bergstrom I am a lender with a local bank here in Louisville and an investor personally as well. 

Any insights, personal experiences, or advice would be greatly appreciated!