However, we have seen many people leaving this and other companies and signing up with us throughout the years.

If you can get a 30-year loan on it and still make positive income, as well as appreciation along the way, it will leave you with more for reserves and more for other investments.

Leaving me about a 10% ROE. 

@Nicholas CavatoI am a little concerned with some responses here. 

However, this would limit us to buying something in a somewhat expensive SWFL market (we cannot leave the area) but we are open to it. 2.

Our minimum loan amount is 50k and we have a look back period of 10 years are far as experience is concerned.

Since I'm the sole member of the LLC is there anything I need to be concerned about or consequences if I make a mistake? 

Also, expect deferred maintenance.Your #1 concern should be, can you fix the problems the seller has or will you eventually have to dump the property also?

That is a concern I share, giving up the low interest rate and some cash flow on the LTR’s.

My long term tenant (a family friend) is moving out and I am concerned how to make sure I pre-screen future tenants effectively without violating any laws. background: this property used to be my primary home and had a very informal agreement with a family friend to rent from me in the mean time.