State k-1s are a big pain in TurboTax, because it doesn’t really handle them well.

During my research stage I got lucky and the property price got reduced to 229k! 

Talk to @Avery Carl she was my agent on my first cabin and was very helpful, and she's handling my second one too.

This wasn't anything I couldn't learn how to handle.

Also see if there are eviction services in your area that can handle this for you.

Your renter would be responsible.You should probably have a dehumidifier operating in the basement during th esummer to reduce chances of mold.

Let me know your guys thoughts and how you will handle this situation.

@Justin Morgan if you have a physical office, it’s easy to set up all of those coverages with a single Business Policy.Once you hire employees, you will incur risks that can be handled with the following policies;Crime Employment PracticesWork Comp

I was specifically told when I had the property under contract that all I would have to bring was 10% of purchase price and to estimate 3 to 4 k for closing costs.I was prepared to put down 18 - 19K, but now closing costs are estimated at a little over 30K so I'm trying to reduce the downpayment by disputing the appraisal

What about going month to month with your tenants, and when you know they are good people with a reliable bank account, extending them to a longer lease to hopefully reduce your turnover rate?