(We're aware of the five year look back period for Medicaid eligibilty but it's not a big factor in our decision to do this.)We would get the house appraised so we can document paying FMV.House would be purchased with cash (it's a small home in a rural area and value is low)Inlaws would sign a lease so that it becomes a legitimate rental and we can deduct expenses, etc.

For example, if you use Hospitable, you'll need another solution for background checks, lease signing, and monthly rent collection.

Thanks for the response Tyler, only issue is, financing is provided based on the deal, and this is where I'm stuck. when you say have the financing ready to jump on any good deal, I hear you and agree with you, but like I said, debt or equity investors would want to see the deal first before signing any agreements.

We all signed leases individually and the landlords never had special zoning or permits.

I recently looked into doing docusign route, but was unsure if I could have the notary sign after the tenants have signed electronically. 

I then sold the “business” (equipment, name, signs, goodwill, etc) to an operator for $50,000 cash, and the operator signed a five year 3N lease at $3,000 per month.

Quote from @Matthew Irish-Jones: I have two major issues with Bigger Pockets. 

Hi guys, I signed up about 3 weeks ago and no one can seem to help me get my Live Oak Business account connected to Rentredi.

I want to help my son and his fiance get a mortgage but we would need to co-sign.

Hello everyoneJust signed up to pro account.