Taking partial payments BEFORE rent is due isn't an issue.

The issue with the floor is that the soft spots are likely caused by leaks in the plumbing under the floor.

I haven't had a single issue or complaint at any of my units in 10 years.

Did you have issues that you are getting out?

What I am trying to avoid: renting for 2 years to eventually end up getting a condo/duplex later on or the flip side investing so much into a condo/duplex, and just overall not having it make sense with this situation.

I have a couple additional questions in regard to this topic.Background: LLC1 and LLC2 hold a property as TIC with the intent to Flip it. 

If it was older when you moved in in that works even better for you.Whether or not they were even justified in replacing it is another issue.

SFR is 2100 sqft over two floors (one is basement), both floors are fully-finished, water pressure is not an issue. there is no other rehab in the main house, so we will have to cut into the ceiling for just the retrofit.Thanks a ton!

Would the property and the loan being in my name be an issue?

Eventually I would like to fund these deals through doing 1-2 flips and / or spec houses a year.