And the hardest part of all this is finding sufficient labor to rehab/manage the property. 

So, yes the rights granted in that deed should remain for that period of time unless you agree to a change even if the property is sold during that time. 

Quote from @Crawford Peay: Hey just wanted to jump on here and introduce myself My name is Crawford Peay, I am located in Memphis TNI help investors buy and sell properties along with managing their portfolios in Memphis and the surronding area!  

And my rental cash flow went from only $1500/month to 19k/month profit by taking on more loans and harvesting the equity in some of my properties including my primary.

Another thing to add is the regulations, HOAs and Cities are imposing a lot of regulation on short-term rentals or rent by a room, I have seen some HOAs regulate the amount of people authorized to rent the property too.It requires to do a lot of due dilligence to begin with mainly in such big house. 

I am owner occupying this unit so I didn't know if there was a problem with putting property in LLC.

Are you looking to "house hack", which is living in the property (or 1 of the units) for at least a year and then moving out and renting the unit?

Hi Nancy, I have sold property for clients in Carrollton.  

Higher-quality areas attract tenants who are more reliable and tend to take better care of the property.

However, achieving success in this space requires more than purchasing property—it takes strategy.