Ready for a second deal, I have come across a private sell in a slightly sub-par area of town (I would guess C to C- neighborhood) close to the older down town/industrial district (I live in Hobbs, NM, an oil and gas town hugging the west Texas border).

We also gave them a notice that we will be vacating by 24-Jul,18.However, our home is still not close to being handed over to us and hence we requested the rental property another 2 months of extension, 2 days after our 30-day notice deadline.

The tenant left with proper notice and was given their deposit back "prematurely" as she states it.

But setting up LLc's seem to have an advantaged to help keep only certain people in the day to day and management of the business and keeps private investors who are funding only out of the business operations.Im sure this could e a record for longest question posted but I would love to hear how others are succeeding and how they have set up similar business models with how and why that works for them.

When they're month-to-month they're just like any other tenant, which means you can raise the rent with proper notice (30 or 60 days in my state, depending on the amount of the increase). 

I've noticed in Acres homes that there is practically no rental and no duplexes so pulling comps hasn't been very informative. 

Maybe find a private lender who will put up the purchase+rehab up front at a higher rate, but one you'll only have to pay for a little while.

Just an initial in-depth search on Zillow, MLS, BP, Auction.com..etc, we have noticed that there are not so many properties that we could get that would give us a good cash flow.

Account Closed  now to be like Fox news fair and balancedone does have to be mindful that banks can change policies.. so you do need in my mind a healthy balance of private capital or your own and banks or other lenders as well.07 to 09 saw banking FREEEZE for us in the business I had almost 30 million in various credit lines out and they all got called Save one.. my core bank kept my 6 million working with out it I would have not made it.. the rest did not care and I had written into my loan terms that if they called these facilities I had 36 months to pay them off and I needed every bit of that time to do it.. but I can proudly say I did not default on a one and paid it all back and the agreed on interest. 

When I take ownership I'm giving the month to month tenants a 60 day notice that rent is going up.