I’m new to BP and looking forward to connecting and contributing to the conversation.

Thx.The Nassau County REIA meets every 3rd Tuesday of the month in Lynbrook, next meeting is actually tomorrow night.

Then 1000/mo. in the next year.

I'm in the Nashville area myself. 

For instance, the term could be 3 years and add a clause that says they have to return the property to the condition it was in when they moved in, not just keep their deposit. 

Pay the mortgage.

I made the mistake of letting someone get in one of my first units that was a bit off the 3 times, they were great tenants very kind and enjoyed their stay and experience with me, but could not afford it when I increased the rent on them, which is something you will have to do because of rising insurance/tax costs.5.)

Who owns the LLC? 

anyone over the age of 18

You are free to build whatever you want, sell the house once is finished, and the lien-holder (original seller) is paid off through title when the new house sells.