We are on year two with that owner, and that unit is still producing a profit of over $1000 per month or $12,000 per year after all expenses .

Some of the applicants I have are students without much of a credit history. when the parents are willing to cosign, whats the procedure to do this?

That way I could still produce the same quality result within the same budget. 

.+ That way when you move, each unit produces 100+.

But trust me when I say ... taking a FULL WEEK to do nothing but perfect your business’ Standard Operating Procedure will pay dividends in the long run.

It is very easy to simply sue the tenant in small claims court for your damages, go to court yourself, obtain a judgment and then follow up with a wage garnishment or bank levy.The District Court has helpful information, the procedures are easy and it's extremely inexpensive.

The reason I’m confused is that I know to run comparables for single families but what’s the procedure for a abandoned store or building in a neighborhoods?

All the while, you always have control and nobody else, not even your attorney, can manage or sell your property except for you.If you need to prove ownership for financing or any other reason, you simple produce your company documents as well as your banking and accounting records.

You have to pay for the machines and the utilities so the money produced by tenants is probably just enough to break even.

Go to the website of the Arizona Corporation Commission and do a search.While there is no guaranty the LLC is registered in Arizona, if it's an LLC that is owning income producing property in Arizona, there's a good chance it will be registered in Arizona (at least it's supposed to be registered in Arizona).http://www.azcc.gov/divisions/corporations/Looking at the site may or may not give you the information you are seeking, but it's definitely the place to start.Good luck.