Depending on the experience we may opt not to go the LLC route and try to establish other strategies for asset protection that is consistent with management and cost minimization.Would appreciate hearing about the experiences of other real estate investors, including about the pitfalls to avoid with this kind of structure? 

(price includes home and any renovations completed).  

Do a 1 year lease and let them know you are willing to keep them long term if things continue as they have been.I did a 2 year lease with one set of tenants and it includes annual rent increases.

Not sure of any residential lenders that can value the property off the income approach if that's what you're looking for, but you can still get appraisals that include it.

You can only get that rent if you include all utilities, which you would never ever want to do. 

Investors are looking for a solution including property identification and validation, inspections, renovation and management.

This allows DSCR loans to be more adaptable to the market as real estate investing strategies change, including the BRRRR method.

We also have a NO SMOKING of anything inside unit policy including vaping but people will still try to get away with it anyway.

@Michelle P Stafford, Any type of calculation of rent that includes a consideration of what principle they would have paid if they bought it, or corresponds to a payment amount of a loan could be considered an equitable interest in the real estate. 

You or your LLC can't do any work at the property - including property management.