@Marcello Oliveri  The key to getting good tenants is proper screening, not so much the neighborhood. 

@Cody TuathaDe, you might not have seen the conversation started by @Alonso NoriegaMy suggestion is that you get a HELOC or a fixed rate second mortgage on your property before you move out, so you garner the benefits of owner occupied rates.  

We need to secure loans/mortgages externally in order to get started so wondering if we should start a company/partnership or if it’s best to do this as individuals.

On the other property, rent doesn't cover the mortgage.

:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+, zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680, some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

The two most important things you can do as a real estate investor is to vet your tenants and general contractors properly.$17k doesn't sound like much work at all...can you describe in more detail what the repairs are for the mechanical, electrical, and plumbing (MEP)?

We have had some issues with getting insurance for the Florida properties in the LLC and also related issue with the Mortgage (which is in our name).When our lawyer requested EINs for the LLCs we were informed by the IRS that we need to file a 1065 for each of the LLCs.Our structure is that the LLCs are owned by the two Trusts (50%) in each of our names.

When you get a loan that is recorded as a mortgage, a lender will want that money to "season". 

I wonder if HW allows owners to define a minimum allowable rent and require owner approval before approving anything lower.Communication: It looks like they have a historical and known difficulty to properly communicate.

A little background on the property ...My mom purchased it for $340,000 in the 90's in cash, no mortgage on the property.Now estimated at $1.2M as is.