I'm sure there are likely articles and posts on the BP blogs about this very topic, don't be hesitant to check those out.  

If you are a long term buy/hold investor that's wanting to invest passively this is a great deal in today's market.

Seems like the unpaid rent would more than offset the security deposit; so, anything more may not matter unless you are going to court (but I would offset legal fees as well without question).

Hello Sham, the fact that there is no lease agreement is really rough because that information is basically always in the lease. 

Hey @Marc Shin, as I said in your previous post I think 4.5 cuft is the minimum.If you can get a deal on a 5.0 and it will fit, then go with that.

Hi I’m new in the world of wholesaling and eager to learn more!

This is a terrible way to price a property.

Even my seasoned and great landlords are going to have major issues with this.

If it's formed right, typically all that's required is a certificate of trust and a few more documents to show the chain of ownership and grantee/grantor.Will this be a rental?

Here is a detailed look into this issue:https://www.biggerpockets.com/forums/51-tax-legal-issues-con...