I will check those out.

I never checked that room, so the damage was there probably before their lease started.

2.If we decide to go with an LLCmortgage ,will three of us have a credit check run again which in case we rather do a conventional and transfer the deed ?

Lastly, you should certainly check with the township as to wheather they have any restrictions or direction on this (they most likely do) so you certainly want to abide by them.

He has lived at his current place for over 5 years and I have asked for his bank statements and will check his references.

Terms as noted are whatever buyer and seller agree to.. either way if the seller takes no interest on the deal they will have imputed interest and if they check with a CPA that will kill the deal right then. plan on paying interest.I could be wrong on all of this but I am pretty sure this is how it works in the states I have carried contract for deeds  CA OR WA.

As a larger provider we employ both dynamic pricing software as well as a revenue manager that checks our prices daily.3.

You'll have to check every so often on it.

For me doing this OOS didn't work, far too stressful being 2000 miles away, can't check on the renovation each week and ARV wasn't high enough so I bought move in ready in Indiana. 

Check Facebook Marketplace or craigslist (rooms for rent).