This is what the above illustration shows.Once you know the property profile that will attract your desired tenant segment, you can find properties, either off-market or on the MLS.You make all decisions based on achieving financial freedom, and there's little luck or guessing required.

I would imagine there is a scenario or scenarios running through your head  which is prompting this discussion and desire to transfer title to an LLC.

If I were you, I would be firm with needing rent more timely, I would still contact the male because she can't kick him off the lease, and I would have a conversation with her along the lines of "this is clearly not what either of us signed up for, is clearly not working, and what can we do to get you to a lower cost living situation as soon as possible?" 

If in an LLC, you do not need to wait with some firms, especially for a rate and term. 

@Lamar AthillWhen it comes to Wholesaling it is important to understand that it actually revolves more about marketing then actual "Real estate-ing"you market for off-market sellers while market for buyers to get that spread.It is relatively easy to get into the field, but takes a bit of work to make it sustainable on an ongoing basis.I would say the first thing is to really understand the buyer criteria your markets and what houses are desirable and point your efforts there.

Can you please also provide some insight if that changes occupancy and/or desirability?

I've worked for several PM firms in the area and one company stole like 30k in commissions from me when I no longer wanted to work at their god awful company.I can definitely advise you on some property management companies to stay away from, as well as some new and upcoming property management companies in the area that are taking a more hands on and professional approach.  

Not everyone can put down 20% to start in the STR world and these are options to find an entry if someone desires.  

It's very similar to what wall street firms are doing in large markets like Atlanta or Phoenix. 

To thrive in real estate investing, you must maintain a firm grip on your finances.