They said, "that is exactly how this works but you won't ever find a bank that will do what you're asking without a security agreement giving us (the bank) lien on the property."

Keep an eye on those delinquency rates and ensure that the property manager is proactive in rent collection.Maintaining open lines of communication with property managers is also part of the process.

I disagree to an extent about listing properties as a new agent.

There, now it will appraise as a FORMERLY illegal bathroom, current storage closet (appraisals are about the CURRENT property, not speculation about what the property might once have been historically). 

Purchase price: $45,000 Cash invested: $40,000 Property Renovation Overview: 1453 Southfield Dr, Columbus, OhioWe are excited to showcase the extensive renovation of 1453 Southfield Dr, a testament to our dedication to revitalizing living spaces and enhancing the experiences of our tenants.

They will likely have interest when you want to transfer ownership of the property to the new LLC.

I searched for properties that stay on the market for a long time.

It will only appraise based on comps of similar residential properties.

Then the tenant will rant a bunch of nonsense, have no evidence to back up his stories, and the judge will find in your favor based on the evidence provided by you.For future tenants, I highly recommend you read a book like mine or "Every Landlord's Legal Guide" by NOLO.

This property has gotten me to level 1.