excellent, I figured it was pretty simple like that...your thoughts on distributed the quarterly payouts from the investment entity?

Make sure, you have the right to evict - Tenants must have relationship with you - sign the transfer PM letter with new payment account or mailing address.I wouldn't give the envelops - that's overkill.

This can lead to discounts and extra perks as they will witness your commitment in building relationships within the real estate community. 

What I wrote above does not create an attorney/client relationship between us.

Depending on the relationship you have with your tenants, you may get threats, etc. but they don't have any standing against you.Aside from renovating the kitchen:I would definitely have the HVAC checked and serviced by a reputable company in your area.

@Nick Cockrell If you have a good relationship with this potential partner and your goals are aligned I would go ahead and partner.

Here in Florida, attorney's fees are statutorily recoverable in all residential tenancies and even seemingly minor noncompliance by a landlord can produce a dismissal of their eviction and a judgment for fees against them, despite a non-paying tenant residing in a rental.This is not legal advice and does not create an attorney client relationship.

It's head up by @Victor Jernigan who does an excellent job of helping local investors.

Communications through this forum do not create an attorney-client relationship

Think of it as a billboard sort of relationship.