Technical point: While you will technically incur "mortgage boot" by not replacing the debt in your new property, using another cash source to replace your debt gives you a "boot offset"; meaning you won't incur tax on the mortgage boot by doing this. 

I have a property under contract with my LLC entity, so technically, it's my LLC purchasing, not me.  

Technically I can say that I moved in, after all I have the key and they each only rent a room. 

This leak was really quite a minor issue from a technical standpoint.Which, in turn, is the thing about this thread that I found troublesome.

Taking your screening method above- as an investor, it would make sense that you are choosing the applicant with the best balance of income, credit, references and a clean background. 

I'm located in the Grand Rapids, Michigan area and am open to properties basically anywhere in southern Michigan (anything south of Muskegon from Lake Michigan to Lake Huron is fair game imo.)I now have a fairly large nest egg of cash beyond all of my other investments (stocks, bonds, treasuries, crypto) and I want to turn that cash into a real estate investment or investments and I think my deep background in tech, systems, and marketing should be able to help me substantially.It seems to me like BRRRR on multifamily units makes the most sense, but I'm open to suggestions.I'm basically retired at this point as the only work I do each week is 3-4 hours of consulting for larger tech companies and I'm on a couple advisory boards.What are the best first steps in building a team and creating the systems necessary to start making deals?

For background, I was thinking of using it for half of an investment in a shorter term syndication that I would aim to pay back before the 0% interest promo expires. 

I'm technically "unemployed" now and need something to do.

@Michael MaloneyYou could explain that moving into a different unit would not only require first last and security but also a credit and background check.

Technically, math wise they're absolutely correct.