Also, if you focus on the fundamentals of the real estate, particularly with SFH's the cash flow is truly secondary to other benefits.

In addition to Turbo Tenant, I would suggest that you have a local Realtor list it for rent. 

Explore multifamily or out-of-state investments for higher yields.Setting up an LLC provides liability protection but has no tax benefit for you now.This post does not create a CPA-Client relationship.

It's against the law in some jurisdictions (OR, WA, CA and others) to even approach someone in a distressed situation unless you are an attorney, a realtor, or a registered "Distressed Property Counselor" and you can't benefit by buying or wholesaling the property.Equity Skimming and related penalties of sentencing are detailed in 12 United States Code USC Section 1715Z-19.

I'm eager to share insights on how architectural strategies can benefit your investments and to learn from your experiences in the field.

I have some ideas about how to do this so we both get the most benefit, but there's one part of this that I want to get some input on. 

I understand I wouldn't get the benefit of tax deductions, but what else am I missing that makes this a good deal? 

The benefit to these is you get your foot into the door without a ton of capital and as time goes you can move out and cashflow on the property.

This is great news for real estate investors, as the TCJA introduced several tax benefits that directly supported the industry.

In addition, you'll have depreciation recapture at rates up to 25%.