@Amy Fortes  I am also assuming you are finding this in the legal by laws you got when you bought not an additional rules list they came up with.   

Up until last year there wasn't even a licensing requirement for LTRs.

I lived next door, growing up it belonged to the original homesteader, a little old lady named Thelma.

Very cool- let me get a few weeks of education under my belt and then I'd love to meet up for lunch and pick your brain.

the rents can be brought up to market value maybe of $5200 but that doesn't make sense either

Now, I'm seeking to scale up and build my portfolio by investing in multi-family properties.

Purchase price: $540,000 Cash invested: $108,000 Investing in South Texas offers additional benefits The price per square foot for new construction in South Texas is among the lowest in the country, making it an excellent value for investors seeking high-quality properties at a reasonable cost.

You had to looks at and confirm the lease terms (length and cost) as well as security deposits and so on. 

I want to avoid holding costs with him holding onto it while we renovate, but how to I make this as clean as possible?

Did anyone end up investing in Grenada?