Prices also vary depending on where you are looking to buy.BRRR and TK are COMPLETELY different strategies with a significantly different risk, time, money & stresses involved. 

@Jim ChesmoreI completely understand where you are coming from.

But you need a complete bike shop.

Is there anything else I need to do here or forms needed to be completed?

New lease completed with tenant providing new security deposit.1a. - if there is a new (additional) tenant they would have to go through new applicant screening2. provide notice to vacate Looking for see if i am missing any component of the next steps in this very delicate situation.

I realized that I cannot complete with all cash offers that are $1 million plus, zero contingencies, and various other advantages that institutional and very wealthy buyers have to their advantage.

You don't have to go all crazy with the employee / entity.Just create a log of the hours spent managing the properties.The two requirements to claim real estate professional status are1) Spend 750 on real estate related activities2) Spend more time on real estate than a W-2 or a business.There is no requirement about being an employee and compensation.

I'd also find out the name of the owner and take them to small claims court.

And I've also had leases for renters that are in the process of building a home and are looking to rent until construction on their new home is complete. 

Small claims is often on Zoom, depending on location.