Is this normal??

Single member LLCs are usually treated as disregarded entities (unless you select to be treated as a corporation...normally you don't).  

By doing so, it also puts them slightly behind the rent curve (I'm already slightly below market anyway), so when the second year is up they have even less incentive to go somewhere else, assuming they still want to rent.For poor renters, or a place that is just coming open due to normal attrition, I review the market and price/re-price accordingly.

Normally if I see the crew working I'll just walk up and introduce myself and ask to see what the inside looks like.

Essentially, you are paying for something you hope you never have to use....but if it does happen, you have multiple parties in your corner fighting off a claim, for many years if needs be, and even if the limits of one were exhausted, you have another...and the legal fees alone could be large, so nice to have the insurers footing that bill and having an interested in settling or disposing of the suit....great question, though, could you be overinsured?

Normally before the fines start accumulating, you should have been given at least two notices prior.

I think its important to be precise in describing this because there is a big stigma to an actual eviction, and inaccurately labeling it as this could be getting off on the wrong foot with your tenants.

@Jay Hinrichs We are seeing former rough areas on the north east side pushing $700 a square foot.

Well, it's only a 2 bedroom so wouldn't 1 bath be normal?

I think the national average is approximately $115 to $125 per square foot.