The way I underwrite this is using a less 10% of current rent modeling which will provide a stress test.  

I am looking for a CPA to prepare my tax and setup LLC for my rentals.

I made sure to go to inspection prepared with prospective leases. 

Signing the contracts and preparing to propose funding this week. 

If you want to self manage, be prepared to be the "bad guy".

Let this be a wake-up call so you can actually BE prepared for when the day comes you do get seen so that all the effort and work and money you put into "being seen/noticed" is not in vain!

if this is me I am still going to go to a lawyer VS downloading a form online and have them prepare the proper note and then I would do just as @John Kunick laid out. 

I understand that the numbers have to work, preparation should be made as well as a plan for anything that could possibly go wrong and even then could still mess up. 

Anyways, lesson learned and I'm better prepared next time. 

I just wanted anyone reading this to be prepared.