@David Robinson There were a number of factors that made Knoxville appealing for us.1- Mid/Small size city which we are more comfortable (similar to what Colorado Springs used to be) 2- Newer homes in general (i don't have expertise in the challenges associated with 100 year old SFHs)3- Diverse and growing economy (UT, Government Jobs, and Medical to name a few)4- Affordability (Turnkey SFHs are available in the low $200K in great neighborhoods)5- It seems more off the radar for investors than Memphis and Nashville which means less competitionAs for credit score, mine actually dropped from 780 to 760.

It’s cold this time of the year.The eviction memorandum ends at the end of 2020 however we may see that extended with our local government.

Keep in mind there is no Florida state tax return to file just the Federal Form 1065 to the IRS.

Because you never know if Medicare Recoup could arise... we did exactly that with a very frail elderly couple who didn't want to move, but it's inevitable that one or both could end up in a nursing home. "...Federal law requires the state to attempt to recover the long-term care benefits from a Medicaid recipient's estate after the recipient's death.

If you know what the Tenant can and can't get away with, that helps.Also, I would suggest looking into Government backed rental programs like Section 8. 

Actually, I got a call about two weeks ago from a local government agency that's looking to house over 200 section 8 tenants.

I don't think that a federal bankruptcy court would allow a real estate broker to include tenants deposits in his bankruptcy so technically he would still owe them if he is holding them for the tenant.  

For low income OR low credit score a government backed FHA loan may work.

Do not be surprised, if a lender will request the last two years, of Federal Tax Returns for the LLC.

Here is my rental rehab (BRRRR) #1 (My strategy with these is buy, rehab, and refinance out and get back all money my spent while paying off the lender)Brick row home, 1156 sqft, 3 beds/ 1.5 bathPurchase price: $58,000.00Purchase Closing Costs(including lender fees): $7,035.00Estimated rehab costs: $25,000.00Estimated ARV: $145,000.00Actual Rehab costs: $26,384.52Actual Appraised Value: $140,000.00Cash Out Refinance Loan Value: $105,000.00 (75% LTV)Refinance Closing Costs: $8,739.00 (Loan Costs & other Costs (pre paid costs, escrow costs, taxes and other government fees)Total Cost out of Pocket: $100,158.52Total Cash back after all HML has been paid: $4,841.48Gained Equity: $35,000.00Rent: $1,475.00 a monthPre-Rehab Photos: Repairs Completed:Replaced furnace and condenserRemoved sections of walls between kitchen to dining room and dining room to living roomComplete kitchen rehab to include granite and all refurbished SS appliancesComplete 2nd floor bathroom rehabPainted entire houseRefinished 1st and second hardwood floors to a darker colorInstalled all new ceiling fans Replaced all doorsDecided to keep wood paneling and not finish 2nd half of basement.Replaced ceiling with recessed lighting and new carpet in 1st half of basement.2nd half of basement cleaned and repainted all surfaces.Replaced water heater, washer, and dryer.Rehab of basement half bath (I feel this was a mistake not upgrading to a full second bath)Fixed gutters and railings throughout the exteriorLandscaping with black mulch and a assortment of flowersPost Rehab Photos:I believe that is everything and all the pertinent information.