We have multiple single family rentals in Cahokia Heights that we purchased about 1-1/2 years ago. 

Once you get a mortgage later, that home would have to be bought personally since only people can get mortgages. 

Any other pros or cons to this method of investing for at least getting started? 

To qualify to assume an FHA loan, the property must be your primary residence for a minimum of one year.

Canada has credit reports similar to USA.Google to see if they have a version of TransUnion that can be used to access.

@Allen Zhu -Reading, along with many other eastern Pennsylvania markets are seeing significant growth compared to other areas in the state/ country.

The franchise fees here would be $800 per LLC per year.

You can still get a 30 year fixed conventional DSCR loan for rental properties.

Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.

Quote from @David Mancia: My Name is David Mancia, and at the end of last year I finally took the plunge and decided to contact RTR to buy my first out of state property, and I was contacted by Ms.