The kitchen is functional left as is, but I feel that updating it would attract a higher end tenant.  

Other than the non-functioning /overwhelmed sump pump we don't have enough information to determine who or what's at fault. 

It would function almost identically to a securing a loan through an LLC.

Use search function.

The LLC would function as an additional "stop-gap" between yourself and a law suit.

Finally, with the use of trusts while establishing these structures you keep your financing options open and add a level of anonymity by removing your name from public record - functioning much like a Wyoming LLC, but also allows you to fit your structure right into an estate plan should you want that in the future.Realistically, none of these make you "bullet-proof," but you just keep adding more layers the more wealth you need to protect - the wealthy don't own anything, they just control assets. 

Also, great functionality to store/share documents with your tenants like leases, move in lead paint addendum etc.

The only thing they don't have that they say is "coming soon" would be docusign functionality. 

Literally type "student housing" in the search function and you'll see myself and all the regulars chatting about it.Chris Carter Voice" Come on, man!"

From that, expect to know whether what you want to do is possible, what risks or unknowns you're likely to encounter, rough costs involved, order of things you need to do, and some ideas of timeline.As an example, the City will make you replace the public sidewalk at your property unless it's functionally brand new already.