Soon we discovered tenant have pest issues in the property and also had history of paying rent late.

I think I've discovered the proper term, now I just need to get opinions on what people look for.Cash Flow Coverage Ratio.Here's the investopedia definition:For conservative investors focused on cash flow coverage, comparing the sum of a company's capital expenditures and cash dividends to its operating cash flow is a stringent measurement that puts cash flow to the ultimate test.

I did one flip in the more expensive market,  and discovered the percentage return is the same,  the cash on cash return is higher... 

The only plus is no one is occupying the property and there's a roof and walls so not exposed to the elements.Also discovered they had done renovations without permits which means there could be work that needs to be redone. 

Just discovered this question, which has some good feedback on it: https://www.biggerpockets.com/forums/109/topics/682825-general-partnership-or-llcIf anyone has any other insights that might be different for TN, then please chime in.

In retrospect, I could definitely see how we could use alternate locations for plumbing if we I discovered challenges due to freezing. 

Hi @Trung Thai - if you google "property management software reviews" you'll get a lot of resources of recently reviewed products and also discover the leading products.  

Here are some real examples from me as a PM:I do an annual inspection on a small house and discover three large dogs that were not approved by me.

So if the loan is assigned to you, and some lien is discovered down the road in senior position to yours and it is not listed on their exemptions, you are covered.

Once you are a target in a legal suit, there will be no real privacy as the other side can use court discovery processes to discover the details of how you set it up your entity if they allege that as a legal issue.