Disclosure:  I'm not a lawyer; check with an SEC attorneyI don't think the concept of a Land Trust is relevant to the issue.   

People go back up north when it gets so hot.One thing to explore and is an idea that is rocking right now in LA is the concept of an ADU [accessory dwelling unit] or guest units, people are adding guest units and doing ADu conversions - this allows you to take a SFR and add or convert it to a legal rental, as opposed to having to rent out an extra bedroom and deal with roommates, you can take that same bedroom and add a kitchen and bath and you have an ADU that can rent out for a premium.

@Jack Edward Johnson I would get the inspection.

The concepts, mindset and philosophy radically transformed the way I think about Real Estate investments.

It’s a new concept might be appealing to you. 

@Edward Liu Thanks for the advise! 

At this stage I'm just trying to expand my understanding of the concepts of the industry, so I would love to hear how your business progresses!

I know this could be a foreign concept to most west coast landlords but out in the mid west deep south its quite common to have the deposit just a non refundable fee .. the tenant already knows they are not getting it back so many landlords just take it up front and tenants just move.. now this is with C class and below generally speaking and for sure most section. 8 

I think its best to buy 1 get a proof of concept then scale down the road, but the mindset needs to be 2, 4, 6 homes in 3-10yrs.

I’ve always been firm on that concept as well.