In your case, I would give the tenant a week or two to clean adequately and have a pest control company (at landlord's expense) treat the unit and bottom unit. 

The junior agent at the bottom might get 4,000 of that.

Apparently for some people, those problems can be overcome, but they're going to involve turning over a significant amount of responsibility to other people and dealing with a lot of risk, both of which will eat hard into your bottom line.

Generally it's not overly complicated, but it does often impact the bottom-line as there will be additional costs and more regulation.

Bottom line you could be doing much better with the equity than currently.

Hurts the bottom line but if the numbers work, they work.

Bottom line HIGH Risk activity with some good upside . keep in mind every market has their pros your going to be up against.. there are no screaming deals that no one bids on unless its war zone junk. 

Bottom line is, there are already blanket software programs out there to determine costs.

In fact, we just had a bank appraisal for a re-fi that put it $115,000 higher than our purchase price.The bottom line is that any of the automated home valuation tools are no better than a VERY rough guess. 

But, a CA LLC is not always the right call, so you should discuss this with a professional who knows your personal situation.You also want to look at whether a pass-through entity helps your bottom line and your taxes.