Thank you so much, Julio! 

The rate could be around 6.75 - 7.5% or so.

You don't indicate this is for the purpose of selling the property so,First, I wouldn't advise doing so.

No local attorneys wanted to do such a time consuming, possibly long search, so we were not able to purchase the land. 

So many of my clients are out of state investors doing exactly the same thing.

so that it won’t surprise you a last minute overestimate of ARV?

For example, there's an Employment Verification Form, Forwarding Address Form for Deposit Refund, and so forth, that you can request your tenant to fill out.I want to make sure I'm not missing anything (as well as protecting myself) but also don't want to over-burden the tenant. 

new to this and just looking for some advice guess i really i don't no where to start so any advice is appreciated bought my first house in may and thing seem to be going well so far its more of a boarding house / house hacking roommate situation with people i know for the moment plan on doing some things to up the equity but am limited on funds i know the neighbors house just sold for a bit more then i paid for mine so that's a plus and mine is nicer and in better shape i have almost no debt for the most part except the current mortgage on said house don't make much from my day job less then 3k a month after taxes and have good credit. i guess i just really need to know where to start should i be starting a LLC or something similar?

@Terrance TeagueThank you so much, Terrance!

So I live in CA and the laws and regulation here can be crazy.