So, communication and assignment issues, as well as not being able to explain the maintenance issues and the required work.3) Proper documentation and quality of work issues.

Giving it a proper theme and left it in decent condition.

i agree that a new purchase at 75% equity will typically not have significant cash flow and may even be negative when properly allocating for all expenses.Investing to max equity without reserves is risky and you indicate would result in stress.  

You don't need to use a title company and pay fees, you just need to proper paper work and quit claim deed.

While both involve finding and properly securing a site and bringing it to full entitlement, the ground-up process includes the land piece but gets way more involved and complex to execute.The full "Monty" for ground-up development needs to include financial literacy, an explanation of metrics, and how they work.

Your main concern should be whether these bedrooms and bathrooms on the lower level are legal and have the proper egress require for fire code and livability.

I notice you didn't say you'd actually seen the tenant's policy.Are they properly licensed?

Never heard of him.Make sure you perform proper due diligence.

Numbers don't work in Huntsville or Madison proper right now. 

Said tenant failed to hook up the drain line properly both times.