Before you call any family service, how about meeting with them and expressing your concerns. 

Mostly messaging with guests regarding issues, questions, concerns, as well as coordinating repairs and restocking supplies. 

@Noah SchulzThe previous owners' failure to disclose a back-paying arrangement complicates the situation, potentially leading to tenant disputes or security deposit concerns.

It requires significant work, and I'm concerned that some additions made by the previous owner may not comply with building codes.

Are they interested or concerned about neighborhood crime, supporting data for surrounding rental rates that might affect your future cash flow, pictures or video of the property showing the class of the neighborhood and the property itself, ... ?

I believe there maybe a few different ways to tap the equity in my 1st rental, but my concern is that if I take out the equity for a new purchase, I'll be reducing the cashflow of my business due to the additional debt repayment.

So it can be something to be concerned about. 

I think your biggest concern would be the pre-payment penalty that comes with most DSCR loans.

I’ve seen people open carry (not here in Los Angeles of course) and I always get the impression they are more concerned about making a statement than they are about protecting themselves.

But now, I am more concerned with entity structure.