I don’t know if calling the lender would do more harm or good.

once you become friends, the renting part might destroy the friendship should any hardship occur. 

As long as your reason for not living there is that you might be harmed then yes I agree don't buy there.  

Paying down High interest debt would be ideal versus the debt that isn't causing me so much harm.

I found out from the tenant they had been without hot water for 15 days ( occurred right after my inspection), so I replaced the unit to alleviate the problem.

-Liability: $1,000,000 per occurance. 

Clays will also swellwhen they are wet and the reverse will occur.

@Jesse Phillips  College rentals are good, but they are not for the faint of heart for many reasons: turnover is high, rentals may not be well taken care of, if underage drinking or drug activities occur you may lose your license.....

A series is terminated and its affairs shall be wound up upon the dissolution of the limited liability company under § 18-801 of this title or otherwise upon the first to occur of the following:(1) At the time specified in the limited liability company agreement;(2) Upon the happening of events specified in the limited liability company agreement;(3) Unless otherwise provided in the limited liability company agreement, upon the vote or consent of members associated with such series who own more than 2/3 of the then-current percentage or other interest in the profits of the series of the limited liability company owned by all of the members associated with such series; or(4) The termination of such series under subsection (m) of this section.Unless otherwise provided in a limited liability company agreement, a limited liability company whose original certificate of formation was filed with the Secretary of State and effective on or prior to July 31, 2015, shall continue to be governed by paragraph (k)(3) of this section as in effect on July 31, 2015 (except that "affirmative'' and "written'' shall be deleted from such paragraph (k)(3) of this section).

As far as that mark up, I don't know what percentage they use but I do know it will go up because it is based on what ever sales occurred.