@James Miller The kind of trust you are referring to is one that would not have to be recorded, correct?  

This is while I am trying to analyze my potential first real-estate deal.Please correct me if I am wrong, but it seems to me that IRR is this wonderful single number which I can use to compare my RE investment to investing in the stock market or any other type of investment.

@Bill PohlYour 20% comes with no money in the deal, correct?

Is that correct?

I saw a form on bigger pockets but was not sure if it was a correct one to use in PA.  

To control pounding water and have the correct slope for drainage, a tapered ISO insulation board can be used.

If you buy the properties correctly, rentals tend to be debt neutral, or adding to your income or very close to it, when looking at them from a Fannie Mae loan prospective.

A title company will do all the work, make sure everything is done correctly, and generally inexpensive.

You are correct,  I've done my SFR cash flow survey of many local communities and SFR is not a viable cash flow option in the IE.  

If I remember correctly, they want 2 years landlord experience for rental income to be considered for a non owner occupied rental purchase.