Engage the services of a IRA LLLC (checkbook IRA) facilitator to register the LLC, obtain the EIN for the LLC and to prepare the special purpose LLC operating agreement .4.

You are in a safer position keeping a security deposit to cover back rent than you are to cover damage in most cases, as tenants can more easily challenge damages. 

The other challenge is that the current tenants have leases that don't expire until the spring of 2019.

Today we wrapped up a LONG almost 9 month project when you include the prep, finance process and flip but we learned a Ton along the way and we are moving forward.Late 2017, after listening to many podcast the BiggerPockets Podcast 247: How to Buy Your First (or Next) Property by the End of the Year [The 90-Day Challenge!]

Tub refinishing is always a challenge.I assume the place is a small house, given the size of those space-challenged baths.As a rental, I'd leave it all as is.

I've also never taken out a car loan, student loan (lent the gov't my body for 8 years instead, GI Bill is of course interest on that loan), engagement ring loan, etc.

I also endorse Noels Challenger's suggestion on working on a calendar to keep yourself accountable.

That said, I concur with Dan that there are several challenges relating to resolving the conditions.  

Also finding replacement parts can be a challenge when you need them right away. 

It merely escalates on return engagements.