Keeping it as is, only doing necessary repairs, and keep doing annual rent increases.

Under Alabama law, Tina now has all the legal responsibilities a landlord has, including the responsibility to make repairs, etc.I strongly discourage people from entering into subtenancy relationships. 

Take a walk through of the apartments this weekend and see if the apartments need a lot of repair. if this is the case - bake this into your calculation.Good luck!

Yes, driving for dollars is where it is anymore...You'll have to look for properties that need repairs and then be willing to do some work. 

If there is cleaning or repairs to be done, I will update my photos once everything is finished and before the next tenant occupies.With high-def video, many will record with video.

Without seeing the condition of the inside, I ran the numbers guessing 20k in repairs, 8k of closing costs (to be wrapped into loan).

A track record of success opens up new opportunities that are otherwise unavailable to rookies.I currently own three rental properties in north Texas (DFW); 2 single family homes and a commercial property that I rent to a guy that uses it as a small appliance repair shop.

Having a RE attorney work with the seller's RE attorney is not an issue and as long as the RE attorney is competent and communicative all should go well.But I'll still give some advice from what I've learned the hard way: if there are any contingencies such as repairs (usually discovered and agreed on after the inspection) make certain all repairs/contingencies are completed prior to closing - and literally go and check to make certain these repairs were actually done. 

Security deposit to be paid back to be minus repairs (which likely there won’t be any).

I’m fairly handy, working with tools and making repairs for a living.