That is why I am wanting to raise the rent to the market value of $875 sooner than later or I will not be cash flowing at all.  

@Jacob Huelsman In Arizona, there is a local real estate attorney who posts on his website, FOR FREE, Arizona specific clauses that he recommends people incorporate into his leases.That way when they have to hire him to do evictions later on, the leases already contain everything he needs to get things done more efficiently.Yes, in my opinion, you should have a lawyer look things over.

Next week I have about 15 hours of work for that business and then I'm done for good.My third closing happened 4 months later in April and I'm in escrow for my fourth to close in June.  

Great read, good to come back to for more info later too. 

Having the right business structure from the beginning saves a lot of unexpected headaches later on.

Yes but if the bank finances purchase price and rehab costs up to 80% ARV, then I dont need to refi later I think.

@Steven Hamilton III had a CPA advise me to start with an S-Corp initially and later I could form an LLC to absorb the Corp when (if?)

All tenants leave eventually sooner is better than later when rents are below market.

I will post official purchase price, and possibly a spreadsheet that shows my expenses and cash flow later on.

And now, 6 months later, I have a lawyer that is working to help correct the mess that you made, all the while, my partner and I are paying our high interest loans down.