No LLC Needed: This keeps things simpler and avoids the state income tax associated with forming an LLC in Tennessee.Steps to Set Up Tenancy in Common:Purchase the Property: When you buy the property, instruct the closing agent or attorney to list both of you on the deed as tenants in common.Draft an Agreement: While it’s not legally required, it’s smart to have a written agreement detailing each partner’s responsibilities, the split of profits, and how decisions will be made.

The triplex I'm looking at is listed at 130,000.

They generally pay upfront and come weekly to pick up. 

In my local MLS, it may not be true in your area, there is a field that a listing agent can fill out to designate the home they are selling has a FHA, VA or USDA loan which by default would make it assumable.You can also reach out to your favorite local title company and ask if they can provide you with a search tool like TitlePro247 or provide you with a list of current on the market homes with a FHA, VA or USDA loan in place. 

If possible, finish the bookings or have the owner call the guests to cancel and rebook on their listing.

Do lists exist? 

Pick a solution in line with the unit type. 

The problem is that the house is vacant for the first time is years because it wasn’t listed properly by the owner that inherited it.

Needless to say, It is a constant battle picking-up leaves, sticks, and twigs.The tenants do not speak English and have created issues in the past with caused by raising chickens, large tropical birds, pot belly pigs, etc,.

I’ve considered the idea of shopping it out to wholesalers, or even listing it, but I went into it with the intent to rent and I’d like to see that through if the numbers make sense.