That’s why it’s of the highest importance that you properly screen your applicants before they become your tenants.A background check will verify a person’s identity and provide any eviction history.

The number one problem, in our opinion, is very few actually take the time to figure out how to properly use whatever software they choose.

@Timothy Burnes Don't do it. 10-20k in equity is not worth all those issues.Bed bugs are a significant defect that can take either $5000 and tenting the whole building for heat treatment, which requires vacating the tenants or getting them hotel rooms for a few nights, or a sustained program of prevention with bed risers, leg traps, sealed mattress bags, and the tenants need to keep it up for.. get ready for it.. 6 months, which is how long they can live without a meal.Sewage in the basement could be a big issue if you have a sewer backup problem.The sinking toilet sounds like it needs immediate attention, but at least that's a straightforward repair.The other issues are what I would consider "normal" as in, you could fix them but don't need to in order to make the place liveable.Based on the bed bugs alone I would avoid... if you are comfortable with this level of rehab you should be getting a way better deal. 

Her main issues are that Evolve does not allow her to change the price per night, and as mentioned earlier, their tenant screening is not great by any means.

Lol, if you ask my tenants, it's not responding to a Sunday night repair request until Monday morning!  

Assume you did properly when buying, and bought title insurance, th3ck to see if your title insurance covers

There is like a 2.99% fee for an instant transfer or a free transfer takes 2-3 days which probably isn’t a problem for most with proper planning.

HVAC not running properly b/c thermostat needs a replacement, furnace runs ok but doesn't work without thermostat.

You don't want the animals on your property, so don't accept them.I would only allow the parents to move in if they were willing to sign the lease and pay market rate, and that assumes they pass your screening (based on what you've shared, I doubt you're screening applicants properly).

My work & family schedule makes it difficult to attend a Thursday night meetup so I haven't been able to attend much.