I work with a significant number of hotel entities, I can address this from a tax perspective, I'll leave the liability issues to the attorneys.The lessee / lessor entity structure can be used for a few different tax reasons:1) There is a REIT investor - in which case they can only have "Rental" type income, while hotel operations generates "Ordinary" income. 

Just another opinion from an inspector and investor perspective: it is important to have an electrical shut off switch (at least 6 switches or less) to kill all power to a home in case of an emergency.

I’m trying to solve for a lack of funds to put up down payment, not sure another lender is the solution here but open to perspective if you have something in mind  

Talk to enough homeowners and you'll soon find someone willing to sell at a wholesale price, especially if the owner lives out of state.Driving for Dollars: The last method is to simply drive around and look for homes in disrepair... things like uncut grass, broken down cars in the driveway, or properties that could really use a fresh coat of paint.

Keep up with changes in the market, fresh ways to do things, and new rules in real estate.Good luck!

Haven't done LTR though, I like that the tenants are new, fresh and employed so far and haven't had much incidents.

Hi Jeff,As Dick said, Springfield is a challenging location from a tenant perspective.

I appreciate your perspective and time writing this up!

I’m 22, fresh out of college with a full time job.

It really shouldn't, if its a true 'delayed purchase' then from the lender's perspective it should be the same as a purchase.