I know it is "working fine" for now and there's no issues at this point, but I will be replacing it within the next week. 

The issue I'm having is that the house doesn't cashflow unless I pay down the PMI and refinance.

All that to say, if you have sufficient evidence that the market is showing the value of the home is different than what the appraisal comes to, then appraisals should not be an issue.

Hi Matthew, Remember, navigating legal issues with tenants can be complex, so it's crucial to proceed cautiously and seek professional legal advice when necessary.

The issue with purchasing the property and then transferring the property into an LLC are the added transactional costs.

It was initially his idea to invest out of state, but looking at the current market potential of Fresno and California in general (new laws restricting investors to put offers until 30+ on market, etc) I agree with him that it doesn't make much sense to invest in local real estate. 

I always hired contractors, and did material runs for them several times a week after work and cleaned up jobs on the weekend, which was also time I spent at the properties, discovering issues, thinking about the rehabs and what needed to be done next.

Clayton County Magistrate court judges are in no hurry to enforce the laws on the books.

If they treat you like the existing owner:The tenants would pay between 1st and 5th give or take (depending on local laws about when rent’s really “due”.

Are there any issues with this strategy?