I would highly encourage you to buy deals that make solid money versus buying deal that make marginal returns.

@Jenni MooreNeed to weigh the costs of converting versus your increase in rent.

So I would hold on to the house if I am betting on appreciation, but I would sell it, do a 1031 exchange and buy a rental in the Midwest or South where the monthly rental income to sales price ratio is at least 1% and closer to 2% is you are looking for cash flow.I am thinking of putting together an REI group in the Antelope Valley that meets every one to two weeks to discuss REI opportunities in the AV, as well as investing out of state. 

Your best bet is to talk to an eviction attorney in the city the property is in.

Without seeing the full and complete lease agreement, I'd bet you are prohibited by the property owner from subletting and you'd have to gain approval of the owner to add new tenants as, outlined in the lease. 

There is no reason why it should be higher for an LLC versus being in your name.  

I know I'm personally always willing to share that kind of info and help people looking into that space, so I bet there are plenty of other people that are as well.

I bet you could get it for 70-80, but I assumed 100 as worst caseBishop Buswell, who built it, was a really cool guy, I knew him, he was a real staple of the Catholic Church.  

When I evaluate an asset class I look at how hard I will have to work versus what I get in return.I would rather have national commercial tenants with long leases and built in rental increases for 10% coc then deal with a park for 15% returns.At my age of 42 I value my time more than anything and quality of life over dealing with massive headaches to drive yield.

Even with all this, I bet this education and experience will be well worth it for you, Candace.