On my rentals which are generally C+ to B class I have never regretted giving a 1 year lease since the most common reason to oust someone is nonpayment and that is just as easy in my state with a lease. 

How many of the requests are reasonable and how many aren't? 

That’s the lowest cash flow I’d likely consider unless there was another reason I liked the property.

If he files a transfer deed to the Land Trust or if he "sells it" then property taxes increase, the change in hazard insurance becomes a tangle.I wouldn't give authority to a bank person to collect rents, file evictions, deal with repairs... there are set up costs and on-going management costs.

Hi Michael,A reason why the square footage may not have been included is if was not "finished". unfinished areas or attics, or areas only accessible through unfinished areas will not typically be included in the square footage.

There are challenges everywhere for different reasons -- weather, building codes, tenant culture, competitive market, high cost of labor. 

In the meantime, I am trying to better understand the Indianapolis (Fishers, Carmel) real estate market and considering getting a realtors license.In Indiana, the cost for the real estate licensing course is approximately ~$580 and an additional ~$80 annually to maintain.

And if anyone knows what a full renovation on a property in Pittsburg that is around 1900 sqft would cost, if you could let me know, that would be greatly appreciated.

Also I think that the opportunity cost has to be considered.

The reason it is this way is the TRUSTEE's power of sale in the deed of trust.. its not  a MORTGAGE like what is common on the East coast...