., asking questions, reading through the documents, etc.) and continue educating yourself via books and podcasts so that you can leverage that expertise to do your own deals in the future.

We have offered to allow her to pay a reduced rent for the first few months as well but I am worried that may create some sort of limit on how much we can raise the rent on her in the future.

This might be a question for our insurance broker/future attorney, but wouldn't the LLC be formed in Indiana since the rental property is located there (versus Illinois where we will be living)?

I hope we can potentially do future business together!

Hire an attorney and proceed with the eviction.In the future, I recommend you don't accept "landlord references" from friends or family members.

I also see your point about avoiding bargain basement properties, especially insofar as tax shielding is easier with an asset of a reasonable size.Your point about barriers to entry is also interesting, since I suppose those barriers can be geography (natural boundaries of mountains/water), but you're probably referring to that which impedes future construction?

This means that every non-government job your tenants have will likely end in the foreseeable future.

I have not yet but I am planning to look into it for a client in the near future.

This kind of thing happens and now would be a good time to negotiate and add to your agreement how it will be handled in future.

I'd also suggest self-managing your first property to maximize cash flow and learn by doing for any future investments.