Plus another $3000 for security lighting, cameras, barred doors, etc..Crime stats are three times higher than Houston, you need to add security to have a good tenant and not have car windows smashed in.

Some locations landlords typically pay, some locations the tenants pay.I don't expect that a settlement to stop advertising commissions in the MLS will have an impact on leases, or sales for that matter.

It’s right in the center of our village and only about 3/4 miles from both our work locations.

Hi Josh, I ended up with a whole life insurance policy from Security Mutual.

Securing 2nd position financing is difficult, and increasingly so when the property is already levered at 70% LTV as your example. 

While I understand this venture requires active involvement, I'm excited to take on this new challenge.I'm particularly interested in advice on securing a mortgage and developing a solid investment plan.

Hey @Gamal Noble, in which state is this property located?

They’re currently paying way below market rent and are on a fixed income(social security).

A local credit union also mentioned something called a "savings secured loan" which can be used for anything (even going on vacation), but I don't know if there are tax benefits to that and I don't think I can do that under an LLC.  

Additionally, the owner's offer to share a copy of his passport, intended as a gesture of transparency, inadvertently contributed to our apprehensions.Given the paramount importance I place on maintaining the trust and security of my client relationships, I chose to err on the side of caution in this instance.