Its all in how you choose to structure the deal.   

The vendor function is to keep track of bills to pay.When I'm just entering in checkbook transactions or credit card transactions, I'll put the name in, but then choose the option that is "Quick Add" or whatever it's called, which just adds the vendor name, but nothing else. 

But there is a lot to consider of course, Brandon Turner sums it up very well in this video: https://youtu.be/9Ol2W8SE8b8This is a bit high level, but hope it gives you at least a starting point.

Basically treat this like any tenant who tells you they are just choosing to not pay rent.They are probably hoping you give in and let them use the deposit for the last months rent which is obviously not recommended.

@Trevor McDonald we absolutely have LOTS to choose from. 

Feel free to message a couple for a consultation and choose an accountant that you feel connected with.

There are what are referred to as self-directed IRA (and 401k) plans that allow the plan to diversify beyond conventional stocks and into real estate and other non-traditional assets.When an IRA invests in real estate, it is all about choosing the best path to grow the IRA. 

A few thoughts on the subject of looking for a different location to invest in.I would say there should be nothing random about how you choose an investment area.

Should you choose to sell, it would be my pleasure to assist you.

Once the lease is up you can choose not to renew, raise the rent, whatever as long as you're complying with local law.Regarding the A/C, I would get an estimate on replacing everything and take that into account when making my offer.