I actually have financing for my next property though.

It is actually a better for your friend to have a signed rental agreement with the landlord, as it clarifies the terms for all parties involved.

(I live in BA actually).

I arranged a mover for them and the day I provided them with the security deposit (it was actually given directly to their new landlord) they were gone and the problem was solved in less than 4 days.

Of course you'd be inheriting any unknown liabilities of the LLC, and you'd be assuming the llc's basis in the property and depending on the LLC original purchase price and depreciation taken, a much lower basis than your actual "purchase price", increasing your taxes when you sell.

@Charles S.The 50 % Rule States: That 50% of gross scheduled income (GSI) goes out over time to cover expenses not including debt coverage.The 1%, 2% and the 50% rule is meant to act as a quick analysis tool, to insure the deal is actually deal.

The long-term tenants are in a 1-year lease that is actually $200 per month below current rental rates - the current owner has not kept up with the rental market, and has not properly raised rent as the demand has increased.

When it went out again, the warranty company actually put in a new compressor.  

Much easier on entry prices out there and you can actually make good cash flow.

I actually had the iphone app installed for a few years but never used it much for the technology consulting.