This way you can effectively get in with no money and use your future revenue to pay the landlord.

Also it is ungodly hot in PS in the summer and the vacancy rates go up because its the snowbird effect.

We like to phone screen tenants before setting an appointment so we don't waste anyone's time if they won't meet our credit and income guidelines or they need specific features the property doesn't have. 

Otherwise, you are effectively selling your house for $6K below list price.

You should use either LLC’s (the old and expensive way) or a Series LLC (the new and more cost/time effective way).

They are in rare form this year, really trying to screw residents out of every last penny they can.They are using comps from early 2018 even though their own rules say the effective date is Jan 1st 2019.I showed them comps from November through January of bigger houses (+400-600 sq. ft.) in my neighborhood selling for less ($20-$30K).

The building should be maintained well CAM needs to be done and it needs to look good and be desirable  but taking a C Class to B Class or A Class can be expensive and not worth the costGetting good rents by reasonable improvments that are cost effective in my experience leads to more flow than a total gut. 

Absentee Owners have been popular for a long time, and are apparently still somewhat effective (people are still mailing to them) but they are getting multiple offers to buy their home.

https://www.moco-inc.com/blog/wa-state-source-of-income-law-effective-sept-30/

You should use either LLC’s (the old and expensive way) or a Series LLC (the new and more cost/time effective way).