The things usually covered include (i) whether the tenant's lease is in full force and effect and has not been assigned, modified, supplemented or amended; (ii) whether all conditions under the lease to be performed by the landlord have been satisfied; (iii) whether any required contributions by the landlord to the tenant on account of the tenant's improvements have been received by the tenant; (iv) whether there are any existing claims, defenses or offsets which the tenant has against the enforcement of the lease by the landlord; (v) whether any rent or related payment obligation has been paid more than one month in advance; and (vi) whether any security has been deposited with the landlord.

But ultimately, that is the structure you should aim for. 

That being said, if you're buying at market, I would definitely aim to have at least 20% equity in them as a cushion in case the market turns.

If your mind is already made up and you have made the decision please share your steps.If your ready and in transition as of now share your aims and missions.if your accomplished and still striving share the blessings.share any and everything that will be helpful to me to you to all of the bigger pockets investors and crowd of greats that gather here everyday and night for more and better.

I am also getting ready to launch a sports supplement brand (ARBOR ORGANICS) which has also been keeping me busy.

If you want to follow traditional land flipping strategies which aim at rural parcels of 20+ acres, then some of your neighboring counties like DeSoto County or Hardee County may yield better prospects.

Assuming you're burning gas, one thing you could easily do to supplement the heat in the basement is run hot water baseboard from the domestic HW heater.

Rather it is a way to redirect accessible retirement funds into real estate, with the aim of the IRA/401k achieving better returns by investing in something you know and understand, with a different risk/reward profile than conventional financial products.In your case, the Inherited IRA could be setup to be self directed. 

hence our aim.

If they will stay fine, if they intend to leave give them 2 months notice to increase rent allowing them to find a place and for you to screen new applicants at the new rental rate.This will allow for a smooth transition without a vacancy and gets rid of inherited tenants allowing you to bring in tenants to your standards to properly educate.Giving smaller increases over a longer time period will end up in the same position, at some point with the inherited tenant leaving, and only places the landlord in a position of having to supplement their rent till they do leave.