I would encourage folks to watch the American greed episode on Remington financial.. little different they took due diligence fee's  this company is taking money to bird dog deals for them. but it was proven that in almost 20 years Remington funded less than 12 deals and they took in 5k to 10k per client. made millions. this I see is somewhat of a parallel offer to fund the deals make the bar so high that no one ESPECIALLY a newbie can get over the bar..  

Hey Lily, I think you're on the right track by considering MTRs, especially with the challenges you're facing in the Section 8 space.

You only need a place to track tenant information, payment history, maintenance, etc.

New to real estate and hoping for a simple way to track.

.- Business Setup: I’m setting up a new LLC specifically for this venture, which means the LLC will have no prior credit history or track record.- Investment Location: I plan to invest remotely in Birmingham, AL.

.), and makes it easier to track and deduct business expenses.

If you are not using a PM all you need to do is track income and expenses. 

If you're looking to build up capital more quickly, flipping could be a viable option.Best of luck with your decision—whichever path you choose, you’re on the right track!

Again, everything must be at fair market value, and all documentation should be meticulous to withstand IRS scrutiny.It sounds like you’re on the right track, but it may be beneficial to consult with a CPA or tax attorney familiar with real estate and LLC structures to fine-tune your plan and ensure you're maximizing benefits while minimizing risks.Good luck with your investments!

Additionally, strong credit, a solid track record in similar projects, and a well-detailed plan for the rehab can also improve your chances of securing favorable financing terms.