I know that it's not nearly as clear cut as that but that was my general plan.

Even if you have a "perfect" house, it will not rent if not priced correctly, OR you will be overrented (yes that is a thing) meaning you are leaving money on the table.Marketing is also big - Again depending on the area you want to be on as many relevant channels as possible - Airbnb, VRBO, Booking.com, Zillow, Furnished Finder etc and have a direct booking strategy for repeat guests to cut out the middle men.Best of luck!

Not choosing to do something because you don’t want someone to be paid makes no sense (cutting off ones’s nose to spite one’s face).  

Can I even buy a rental straight under LLC?

I’ve definitely seen this, or rather one part of the bank saying it should be fine and the back office part having a different trip wire for return.Doesn’t mean the tenant didn’t cut it awfully close but I’d let it go as long as it was resolved immediately and the tenant paid any overdraft fee.

Because buying a one-off in those areas and then paying property management is going to cut or kill your profits.If you are doing OOS, you should focus on more turnkey or rent-ready over value add because as a new investor, you are going to lose money on the remote rehab.With a prior bankruptcy, an FHA loan, and 50k from someone else or inheritance, I would think a little more solid about how you want to invest.

Cutting to the business side quickly makes sense, and for some sellers, it’s all about getting straight to the point.

And it's cut down my time spent bookkeeping by a huge amount, since I'm no longer searching Quickbooks forums via google for obscure workarounds specific to real estate. 

Back to today: I got off the phone with my agent, where I communicated how I wanted to present my offer (in summary: if the seller rejects my original offer, I hope they'll make a counteroffer, but if I decline that counteroffer, I will move on to make an offer on the next property of the few I am interested in the market - this is to avoid a back-and-forth and the property had been listed for a year with a 25% price cut in that time).

You could straight line it and give them 6.5 yr rent abatement on a 10 yr extension.