Does that fit your personal criteria for a return you'd like to get on your investment? 

Liability Protection: An LLC provides legal separation between your personal and rental property assets, which can protect personal assets if a lawsuit arises.

Did your borrowers mention securing your investment with a recorded mortgage or deed of trust, personal guarantees, lender’s title insurance, or anything else?

For example, a person can go to  a 10 —-13 week school for dental assistant… finish the course get a certificate and have an immediate job making somewhere around 43k plus.. yeah I know it’s not a ton of money, but it’s a good base especially for folks that don’t want to go to college.

NOT judging, I am truly curious the mindset's of such persons.

I understand that each person's situation is different and unique and can appreciate the insight you all offered. 

Thank you both for providing context and personal history with the lease option methodology.I did some lease options years ago when I was still investing in residential, and even a couple on commercial property. 

Understand that the LLC you want to switch to is basically considered 'another person' when it comes to taxes.  

Like Michael mentioned if you are just reporting on schedule E/C on your personal return- a balance sheet isn't required; so full double entry software isn't required (but still helps). 

And do you have any personal experience with Section 8 in Macon, or know anyone that does?