I would suggest contacting a local tenant's right advocacy service if this arises as most tenant fail to follow the proper steps in this regards

Hi Everyone,Thank you such for taking your time to reply on my question and providing me with helpful tips and informationFirst of all here is a link to the pictures and property information.http://www.zillow.com/homedetails/941-Birmingham-A...in regards what most of you mentioned, it will be a positive cash flow as a rental, but not my preferred option.In regards to fix up the layout of the house is a very old house that i would not alter too much as you never know what could arise It is listed on the MLSIt does take usually 60-120 DOM before it sells in this neighborhood, i just see i get a bunch more visits then the regular in this market in a short period of time so i was like hey , what do i do next?

We suspect this increase arises from the convenience of having en-suite laundry leading to tenants doing more small loads.Including en-suite laundry is not a matter of our units being hard to rent (they are not), but part of our business model to offer better value than our competition .... we similarly carry out deep energy retrofits of properties we acquire and have found the extra renovation costs up-front lead to less and quicker turnover.

When issues arise, they need to know you will address them swiftly, firmly and fairly.You are bound to operate off the terms of the lease that was in place when you purchased the property, which puts you at a disadvantage.

A presumption of abandonment shall arise 10 or more days after the landlord has posted conspicuously a notice of suspected abandonment both inside and outside the premises and has received no response from the tenant."

I've never heard of a problem arising with a house because of not running air conditioning. 

This way the strangers have a degree of separation from each other, and it gives you the ability to go after individual problem tenants if issues arise. 

If you keep it in your checking you forgo your opportunity at saving lets say 4-5% on your HELOC from mortgages or balances you're currently paying on or you can utilize the money in an investment and earn some interest but the problem of liquidity always arises as you'll inevitably need some money in a readily accessible area you can get a hold of within 24-48 hours via wire/withdrawal etc.The LOC/HELOC (depending on the terms of the product) accomplishes this as you can withdrawal very quickly and or wire the money out where you need it while accomplish the high opportunity use of your money.

When a problem arises, he gets the phone call -- not me.

The work actually occurs when problems arise.