But yes, I'd love to see the responses to your last question, in which you're asking to be walked through the proper procedure to make the loan from your LLC happen and use that #3 process.

Screening is imperative and very difficult to learn properly.

The proper route to take is based off your plans for the home, how long you will keep it leveraged, etc.

Assuming one has the cash to repair and furnish properly, the big challenge is MANAGEMENT. 

So thanks to those guys for resolving this one for me.I'm sure the trash thing will be a problem however, the duplex is on a corner lot so ensuring the trash is not visible is not simple.

And ask them to ensure they are disposing and putting their cigarettes out properly to avoid any future occurrences.

A detailed scope of work is needed no matter what, this ensures you get what you want to be done at a fair price.

Good, and possibly great NOI and you are usually able to collect rent consistently if you've screened the tenant properly.

A proper tax strategy session can accelerate a lot of that and lower your income in the early years.

One red flag and you reject. 4 unrelated adults...no way.You need to study how to properly screen.