I'll explore my local credit unions to see what options do I have with them 

Related to that is the question of lender appraisal, even at a reasonable cap rate it will probably take a portfolio loan.You can try a lease with option to purchase.

@Michael Anderson you have two options:1) Create an Assignment of Lease from you to LLC2) Have tenant sign new Lease with LLC.Really only an issue if eviction or some other court issue.

Quote from @Mia Baltazar: I looked into several companies before and found FILAM as one of the options. 

I am entertaining this, as a passive option, just wondering what other people's experiences (and returns?)

I am not trying to be negative or a Karen, but being real so you can analyze all your options on what course of action you should take for your business and what risk level you are comfortable with.

Start building your down payment fund and check different financing options.

As you begin, remember to take your time researching and exploring different options.

So if your home is in AE-9, you must build the living spaces 10 feet above grade.So what are your options in these cases?

When I die, they can keep renting out the properties or move into the SFH, or take the step up basis and sell it with not as high of a capital gains tax hit (I hope they wouldn't choose the 3rd option).