I am sure if you look at what Memphis invest is doing - they are probably buying these wholesale for 50k a door, spending 10-20k on a fresh coat of paint and carpet and then marketing them as turnkey to out of state.

Doing more research and investigations and analysis.

I am investigating 2 preforclosure properties in CA with this exact goal. in CA I have been advised that not only does the property require the zoning, but the operating business needs proper licenses.

Shortly thereafter a fresh new crop of agents march on in,  only for their dreams to be slaughtered by the end of the year.As for investors.

I once transferred money from my savings account to my checking account to write a check for closing costs at the same bank that was financing me and they held my money and delayed closing for like 72 hours because they claimed it through a red flag for fraud and they needed to investigate where/how I got the money.

Agree with Mathew.... the new tenant pays the security deposit to the old tenant.Make it 100% clear any damages etc will be the responsibility of the current tenants at that time of the "complete move out".....i.e both "old tenants" leave and you start fresh.

You should probably consider terminating the tenant & start fresh with a new renter.

I will investigate the options to understand which might suit my tenant's needs.Thank you,Elford

This could be investigated in about 10 minutes and you could draw from facts not guesses.Now the electric bill you also attribute to the tenant who after "she got her first propane bill" somehow caused your electric to jump, not over the immediate course of one month, but over 3 months according to your statement.

I source from those same free places, but I do so in the quantity of several thousand per month, thus I am constantly getting fresh data.