Before you spend any more energy or resources on this endeavor explain the precise fear that has you wanting to transfer this property to an LLC.

Contrary to popular belief, this is actually an advanced strategy for people with lots of experience and resources, it's a really tough place to start.

@Celine RechyyFrom my experience, to start investing in real estate, focus on learning through resources like audiobooks and BiggerPockets, while networking with experienced investors.

I do not want sales agents in my market to believe I am expecting a fee each time I purchase a property and go out of my way to make it known to the broker community that they will represent me and collect their fee if they bring me a deal.

You need to work with someone who can help you according to your specific circumstances and resources.

Even though rental properties can be somewhat passive, there are still things to keep an eye on, like collecting rent, making sure utilities get paid, ensuring property management is doing their thing, etc.

Yes, unlikely, but there is a chance to collect. - They have a working relationship with the court personnel, which always helps. - They know the process cold, so shouldn't make a newbie errors. - They are arms-length. 

You can take advantage of the free resources here like the BP podcasts and forums.

I’d love to hear some perspectives from more experienced investors on what you think about the info below:$75k for a 5bd 3 ba manufactured home that rents out each room for $500/monthPros:Reliable tenant paymentsCheap purchase price relative to income generatedPotential for ~16% CoC ROICons:Long distance investment (requires property manager)Month-to-month leases per bedroom (& no deposits collected)Located in Utica, MS – not a thriving market for rentalsManufactured home – not sure this type of home will build equityUnsure what kind of tenants live here Hey Molly!

Reach out to @Tom Gimer at Eastern Title  Agreed Tom is / will be a good resource for higher level financing closings.