Hard to beat the tax efficiency of the stepped-up basis inheriting the properties allows. 

If you tie your happiness to achieving the daily process, you have successes all along the way and the results take care of themselves.

@Dylan Meeker Your bigger issue is the rent not being paid in a timely basis.

Does anyone have a recommendation for a lender in the Nashville/Murfreesboro  area that is good to work with on an ongoing basis/multiple loans?

When I ran 12 employees churning out ultra high volume apartment painting, we had daily and weekly meetings.

Public markets are liquid and efficient, which means volatility is visible on a daily basis.

QUESTION:  Because we failed to title the property in the LLC name, is there any way the IRS can choose to exclude the rehab costs from increasing the basis of the home? 

On a deal that is correctly underwritten, it is very difficult to pencil anything about 14%-15% IRR on a 10-year basis.

When it comes to investing it is important to not involve emotions and look at the facts I look at the global markets on a daily basis and would invest all day in HK rather than France for the years to come 

BUT tenants usually punch holes in the walls or smash a window before they run the tub for a month (doesn't cross their mind)You can always monitor water usage online, daily and by the hour.