The property has been in excellent condition since it was built two years ago, and I’ve lived there myself without experiencing any similar issues.The lease is a standard Texas lease, and I’m seeking advice on how to approach this situation fairly.

Investing in places like Rochester and using strategies like BRRRR can be a great next step once you’ve built equity and stabilized your income.

. - property had TDR trasnferable development rights and can be built 5 stories on it.

Since there are often different entities, there are different skills and systems needed.With that said, I can tell you are definitely better at building systems that I am (I have built up some best practices, but they mostly reside in my head).

Rent out to roommates so I employ the "rent by the room" essentially.Pros:insane cash flowif your room offer is much better value than other places to live, tenants will stay awhilea small community can be built when your tenants become friends with eachothernever ending supply of tenants (at least in my area)Cons:CAN BE management intensiveWILL BE management intensive until you gain experience and know how to manageIf you employ this strategy, the BIGGEST risk/liability mitigator is being VERY clear from the start about your expectations and that you will evict if new tenant doesn't follow your rules.With my setup - I furnish the rooms and have all utilities covered. 

Here are a few Walmart deals that I found that could be useful$15 - Chefman Rapid Boil 1.2L Electric Tea Kettle - https://www.walmart.com/ip/Chefman-Rapid-Boil-Glass-Kettle-1...We have this kettle and it has been solid for 2 years now.

However, with 2 young kids, schools, and the community we've built, it would be too big of a risk to do that.

The rear house has all of the value as it is a 1300 square ft home from the 70s; the front house is 580 sq ft built in 1952. 

We live in the Atlanta suburbs so we've built up good equity and rental prices are high.

Yes, I’m a fan of harvesting the equity built up in properties.