I have a question about the Rental Application process and my situation:I have an application with two individual that agreed to both mutually divorce and they have 2 kids.

Although single moms may be the majority, I plan on partnering with local organizations and non-profits that may market my rentals to individuals using their services.

The irony is most investors who form LLC's do not operate them correctly, fail to obtain appropriate types or amounts of insurance coverage, fail to understand their coverage exclusions, take short cuts and don't obtain permits, use unlicensed and uninsured vendors,  fail to execute contracts with same vendors, don't understand the mechanism of additional insured status, indemnification etc. and are actually more prone to claims and conflict with their LLC than the individual who does not own real estate in an LLC but understands these tools I mentioned.

@Jeff CostaThere are other players in the space, most are institutional and don’t handle the individual investor.

You assume the individual with a good application will keep the other straight and choose to rent to them.

I have formed 2 LLCs, each to hold the individual properties.

Many newly build, luxury high rise condos were not qualified for any financing because the building didn’t have the required number of units owner occupied as required by Fannie, Freddie, and individual lenders.  

As for the refinance aspect, if you're going from LLC to individual (or vice versa), at my shop you would just transfer title into (or out of) your LLC at the close of escrow, so that part is no biggie.

If a cash out refinance, many lenders will allow the cash out to satisfy the reserves requirement.DSCR lenders generally let you vest either individually or as an LLC.

A lot of the arguments for why it is absolutely imperative to use an agent were fear based and hinged on the principle that the individual did not have the capacity to conduct the transaction without the 'trained professional'.