As far as how you handle last months rent if she pays until re-rent Month 1, month 2 then you return last months rent because Month 2 is the last month and the security deposit minus deductions. 

Not to barrage with additional questions in addition to the overarching one above, but:What type of originators would handle this? 

Real Estate Investment is full of surprised and you need enough capital to handle vacancies, repairs, etc.

I just had a tenant move out and owed 7 days for the last month, and this is how I handled it. 

Like most all property management companies, the property managers have employees on call 24/7 to handle emergencies etc.

Like most all property management companies, the property managers have employees on call 24/7 to handle emergencies etc.

Mainly to move toward your goal of geographical independance.You'll need a queue of contractors to handle maintenance needs.You'll need rent collection systems, as one mentioned Cozy.co. 

I would love to hear your thoughts on what percentage of my gross income would be for typical services and fees usually handled by property management companies in the Sevierville areas.

But I recommend you watch what your attorney does and then if/when you need to do another eviction you can handle it yourself.

I need help deciding how to handle financing as a partner on a JV deal for a 70 unit apartment. 65/35 split I have a HELOC I'm considering using to buy in as a partner on this deal.