LLCs protect you from lawsuits but you most likely are not very attractive to a shark trying to get a lot of money because you only own 1 rental and are very leveraged.  

Determining existing conditions and the scope and cost of renovating them and other project scoping requires time, money, patience, as sense humor and maybe even an attraction to pain :). 

If you want to hold it, you need to figure out how to make the return attractive enough for funders to want to give you the money for a long-term investment.  

There are certain properties where the stated rental income is attractive compared to the sale price. 

Seems like there is a lot of public and private investment being poured into Delano with the stadium and street improvements, and though Wichita isn't a fast growing area, I've seen in Wichita Business Journal they are trying to attract more millenials, which are most likely to move into this area.

The buyer approached me about refinancing and I wanted to look at this as an opportunity to restructure the deal to make it more attractive if I want to one day sell the note.The owner doesn’t have good credit, and I know that’s a big factor in how attractive the note can be in resale, but what other items can I incorporate into a new contract to make it attractive?  

@Santi Anso is correct in general terms but the STR and Student Rental combo isn’t as attractive as once was.

I personally love this type of rental because the property is kept clean and if described right, you will attract the right people.

Most of my net worth is on paper in the form of equity in my startup, so having some tangible assets that are generating real cash is attractive to me.

Bad areas will generally attract high maintenance tenants.