What the heck am I going to do with all this furniture?" 

He supplied the funds to do a cash offer, so the properties are under his name.

Here are the details:- purchase price was $153,000 in 2005- paid mortgage in full in either 2006 or 2007.I am trying to determine which is the better return whether I do fully furnished (where I pay for all of the utilities, my furniture etc) vs unfurnished (tenant pays utilities and provides own furniture).

Money is in high supply.

If about six weeks have passed and you are just waiting for the Writ of Possession to be filed in court, then that may not be so bad actually.The next time around, and with the link @Kyle J. has supplied, you can go through most of the process yourself (especially now that you have some experience with it) if you wish.

But my local supply is limited.

On the plus side, the rapid growth and lack of supply is pushing up rents and pushing up prices. 

I’m not so sure that the supply/demand dynamics locally are accurately captured in their analysis but only time will tell.

In a market where there is little supply of older multi family unit.

Can i get the same deductions on repairs on the house or office supplies if i dont have an LLC?