I was just curious if anybody here has any personal feedback on investing in that area and can shed some light (other than numbers) on why that place would be worthwhile.I apologize in advance to anybody who lives there and loves it.

Quote from @Troy Froistad: Thanks for the feedback.

I really appreciate everyone's feedback. 

Thanks for the feedback.

I’ve included a draft of the updated lease agreement and if anyone has any feedback on it.

@Derek Lacy - thanks so much for the feedback!

Again, this is just what I have gathered over the years so you should take your tax professionals advice however I'm pretty certain an LLC does very little in terms of tax benefits. 

Hi @Gisele Sood, there is a mix of free and paid services that can help you retrieve the data that you seek.To gather data on tenant demographics and property demand, consider these resources:Census Bureau & City Data: Offers insights into local demographics, income levels, and household types.Zillow, Redfin, and Realtor.com Market Insights: Check these platforms for property demand trends, popular property types, and renter data by area.AirDNA & STR Insights: If considering short-term rentals, these provide data on occupancy rates, guest demographics, and property preferences.CoStar & REIS: Paid services that provide detailed market analytics on rental demand, property types, and demographic preferences.These sources can help you understand tenant needs and property demand in your area.

Thanks a lot for any advice or feedback!

@Jessica Heller- contact  several  lenders on the  same  day - provide them  with the  same criteria -  get  some  quotes and ask the  questions you have  ...compare the date and the feedback received and then make a  decison on  starting the pre approval process