If the RE properties were in your name(Not in LLC) and it was rented directly to medical practice as your capacity as an owner, there would be Self - Charge interest rules, but I am guessing the ownership of the RE properties is under LLC whose business activity is rental, so those rules can be bypassed if structured carefully. 

Oh my goodness - you found a hair in the bathroom??

View report*This link comes directly from our calculators, based on information input by the member who posted.This deal is available, but the sellers are asking for $28,900 and are looking to sell soon, so they can take care of their mother who had to move from that house due to old age.  

Do I care about the long-term ownership of investment property?

Let the tenant know - in advance - that everything has been documented so they are less likely to steal or hide damage.The lease should cover lawn care and that the tenant is responsible for repairing damage from their pet, to include dead grass from pet urine.Have an eviction attorney in mind and start the eviction process at the first available opportunity.Any specific questions I can help with?

I feel sellers just want to know what they're going to net out of this transaction, and taking care of all those extra costs puts them at ease.Alexander, I have to disagree with your guns blazing strategy.

I don't care if my opinion is blunt.

These tenants will be living there while someone else pays the bills, which means they may not do a good job of caring for the home.

My partner and I have had our cross-hairs on Houston ever since Harvey hit, and we're lining up our resources to open a small office and set up an operations team for a fix/flip & hold strategy to balance out the yield of our existing portfolio. 

Just be careful.