This increases the perceived risk and perhaps the legal fees to put in place and then defend if necessary. 

If you need financial help, ask under the "Finance, Tax, and Legal" forum.

One more I can add is the note investor who thought that holding the note gave him the right to determine how the subject property was managed, with approval of tenants, leases, and maintenance contracts.  

The issue is legally be allowed to raise rents and getting around what the city believes is fair market rents.

Do you have an approval or is something even grandfathered in that would allow you to put up a billboard? 

Income Late fee Gross rent Expenses Advertising Cleaning Gardening/lawn mowing Insurance Interest on loan(s) property tax Legal expenses Pest control Property agent fees/commission Repairs and maintenance Water charges Electric Bill Total expenses Net rental income or (loss)

A duplex or triplex could be a solid first step.Get Legal AdviceTalk to a trusted attorney before agreeing to anything like a trust.

@Andrew Caton if money isn't an issue you should have no problem getting approved by a bank, it would probably be harder to get two unrelated people approved for a single loan than it would for you to get approved on your own. 

I was pre-approved for a conventional mortgage with a 3 % down payment 2.75 Interest Rate.

When selling for sale by owner (FSBO), ensure all legal documentation is in order and consider consulting with a real estate professional or attorney to handle the lease transfer and legal aspects effectively.