Sounds like you're already doing showings but definitely consider an open house for your rental because this gives you an advantage as far as people seeing others considering the space.

Definitely consider an option that allows you to achieve all of these steps in one place (ie. keep track of things like rent payments + leases, but it also offers several other tools as well -- the ability for tenants to build a credit score up to 40+ points for on-time rent payments with our CreditBoost feature; which can be enticing for them as they are new student renters); and lastly offers maintenance ticket tracking with automated messaging).

My two cents is go beyond the home inspection and consider an HVAC inspection and/or Sewer Plumbing inspection, especially if the home is pre-1975.

@Keith Miller I'm from Wisconsin and most of the local lenders in my area consider an investment property anything you don't plan to live in.

You could transfer 5% of the title ownership to him as a Tenant in Common with you and then consider an agreement limiting his right to force the sale / waiving the right to partition / his agreement to sell it to you at a set/fixed price.Don't know how your HOA would respond to this and there may be Washington case law that does or does not support it.Good luck.

If you are interested lending out of a self-directed IRA or SoloK, then definitely talk to Brian Meidam who I consider an expert on this topic.

I thought perfect, my business will still be considered almost 5 years old, until I saw that some banks consider an entity name change as basically "starting over", which means I might as well keep it simple and do a new LLC if this is the case. 

If the landlord is changing for your rental (it's no longer the LLC, it's you personally), then you might consider an amendment or update to the lease reflecting that.Jenna ZebrowskiThe Law Office of Jenna Zebrowski, PLLC"Investor-Focused, Series LLC Friendly, Commercial Real Estate Savvy"

Perhaps you are considering immediate cash flow as your key indicator, but the real analysis should consider an overall calculation leading to wealth.

I convinced him to consider an owner finance deal and he agreed.