What made you interested in investing in this type of deal?

For example, it MAY make sense for you to sell, then 1031 exchange the funds into a larger property type - or a similar property in a nicer area that has stronger appreciation forecasts.

It simply requires that you move out within three days after being served the notice.

For example, if I bought this type of property and knew that my rents were below average for the local market, then my first phased approach would be to get aggressively try and get those rents up to where they need to be. 

I found a big error here, I typed it in wrong when I calculated.

Is this after tax or pre-tax & what type of tax treatment is this investment recieving? 

What type of sub-leasing will they be doing? 

When I am rehabing what type of insurance should I get?

I have seen it before with a few of my clients that they were able to utilize a Sec. 721/1031 transfer to move the assets into a REIT or other similar activity depending on the type of business.

(which appears to be what question you're actually wanting answered)*Insert generic "I'm not a lawyer, consult your own professionals" statement here*First, I have all tenants fill out a worksheet that indicates what type of animal it is, including generic information about the dog such as name, age, breed, and who does the dog assist (if not readily apparent and there will be multiple people residing in the house.)