New Rent-to-Rent Setup Advice Needed

[Jason Schmidt]

Greetings,

I am a new member to this site, but I have been perusing the forums for quite some time. I appreciate all the knowledge you guys have contributed to these forums. I have very little background in real estate investing/ land-lording. I assisted my grandfather with his multiple single-family rentals, but they usually had long-term tenants and there wasn't much work involved or lessons to be learned.

I have a new opportunity at hand that would involve me renting houses and then, subsequently, subletting each furnished bedroom on 3-month leases. I've worked the numbers and everything looks positive. Obviously, I would need to find a property owner open to such an agreement, but I could guarantee timely rent payments and possibly provide other incentives to convince a property owner of such an arrangement.

I currently live in Ohio and this opportunity is several states west of me. My questions are: Would I need a real estate license to do this? What areas of such an arrangement would you caution me on? What incentives should I consider to attract an apprehensive property owner? I have really spent a lot of time trying to think this through, but my knowledge is limited and old, frankly. I do have extensive business experience so this isn't my first trek into a P/L-potential enterprise.

I appreciate any advice you can give and I look forward to reading your responses!