If you're comfortable meeting in person, I would follow up with an email outlining what was said in person to the tenant with the resolution of the conversation also in the email.

Last year we were able to connect an investor of a coastal six plex with our personal credit union and due to strength of borrower and property, they provided a non-member with a 25% down mortgage with a 25 year amortization on a property the seller was requiring 'cash only' due to the presumed challenges of multi family financing. 

Hi Ashwin,I do not personally know about this area, but I can give you some insight on how to go about finding out: Investing in properties near I-44 around 63rd and Kelley in Oklahoma City requires careful consideration of neighborhood dynamics, rental demand, and property condition.

I'm up to 10 doors (including personal residence) and have six more under contract.

Personally, it's not for me. 

ROE is so low (.6%) that at this point in our RE journey, we believe our $$ can do more for us elsewhere and we still sit within Sec121 exclusion to avoid some CG tax. 

If the IRA fails to pay property taxes or insurance bills - you are then personally responsible, which would be a violation of the IRS rules. 

Our personal  house had previous work done but the piers were poorly done, and we noticed dry wall cracks and tile floor "separation"  about 2 years back.   

Here is the current list of cities:http://ritaohio.com/MunicipalitiesI am rather sure that the list has only been expanding over time.As a person/entity who earns rental income in any of these jurisdictions, you are required to file a return not only for the state, but also for RITA.

You will need to allocate the expenses between the personal and rental portions of the house.