You have to maintain an LLC precisely in order for it to have any value and frankly few investors have that kind of patience and attention to detail.

It's precisely the opposite of a stupid question - it's quite a good question.

I definitely need to learn how to evaluate more precisely.

Because 10 years of ZIRP (zero percent interest rate policy) and a government fabricated loan, is specifically designed to make lending loose, putting people in homes they can't afford without government intervention...precisely what caused the first housing bubble.  2. 

@Komi AgbodzieWell, your question is a bit broad to provide a precise answer. 

It makes their tailoring process more precise, if more effort and time consuming to find a tenant.3.

[This is precisely my investing strategy.]  

You didn’t say which state you are moving to so no one can give you a precise answer on this.

Personally, I invest in projects of this sort with a very small percentage of my wealth, for precisely the reasons you state and the high degree of risk associated with rising cap rates. 

First, ask them what they mean precisely.