When you have had that business for 10 years fine, but the vast majority fail within the first 1-5 years.

The house does need some work but nothing major.

It could be that the best broker, lives in a different city or even a different state, particularly if you are in a state without a major market (i.e., a state with only a few hundred parks).I’ve seen instances where the nearest qualified broker is hundreds of miles from the property.

I know after this I have no profit, but the tenant is paying the majority of my Mortgage, taxes, and insurance. 

Here are the two major questions that I have been eagerly waiting to find answers to and need some expert opinion from all you experts out there: Cash out on equity on the rental property by selling it while market is high.

Major profit!

A few years back when the majority of properties were bank owned they had issues with accepting offers from LLC's.

1-cosmetic (paint, new floors, maybe a few small framing changes), 2-some real remodeling/maybe a major system or two (new baths, foundation + hvac, etc), 3-total guts/burnouts (taken to the sticks).

I would love any advice people have about good/bad experiences they've had in the area and major things to look out for when just starting out.

Unless they are all (or majority) B+ or higher properties.