I am tagging someone that has a lot of experience in cheaper units.  

I would also add in some counties, moving the LLC from your personal name into the LLC can be considered a taxable event, you would need to see what the specifics are for where the properties are located.

Brokered a client this 5br 2ba house in Portage Park neighborhood of Chicago but the cheaper less nice side of town for $350,000.

Ours are much cheaper per sq ft because they are designed to be used in the short-term rental market. 

Usually, there is no taxable event if the LLC owners are the same as the current property owner.

Assuming that's cheaper than going through the eviction process. 

I know the interest they get is taxable I would probably have to set up a LLC with them being equal partners.

With a $40 per stay fee in tandem with cheaper home prices, PCP is a value play.

Be careful that you don't incur penalties for terminating with the current PM.Remember: cheaper doesn't mean you'll make more money.Start by going to www.narpm.org to search their directory of managers.

I’ve found a much cheaper option to be taking the existing stairwell inside the house and fire eating it instead.