If you own them free and clear you will likely only pay for title and transfer tax on the market value of the property if you want them to be under LLC. 

A few other houses (all single family houses) on the same street are on the market for rental and they (including my house) all get grouped and nestled under one cover listing as “units” of an apartment complex.

Here’s our OPINION for the Metro Detroit market (use as a template for your target area!)

.; and capital to pay for options, marketing, legal counsel, accounting, tax advise, etc.  

Try creating your own list.For pre-foreclosure, you want to market to them.

Do this quickly because some counties have a time limit on when you can appeal.I recommend you research the market for:- Comparable Property Sales- Condition of your property, including anything that may affect your property's value- If you are really serious, an expert appraisal may be worth the effort.

You’ll pick up so much just by listening to people who’ve been through the highs and lows of the market.

Ensure your contractor has a clear timeline, keep extra cash reserves, and start marketing your rental rooms early. 

Fortunately for me, I started investing a time in the market where everything went up.  

It’s not necessarily more difficult than market-rate rentals, just different.If you’re seriously considering this route, feel free to reach out.