You may be able to buy with a loan and then put it into an LLC, which could be against the terms of the loan, though I've heard many lenders really don't care.Your choices should not be made in a vacuum. 

Septic tanks infiltrate wastewater, and they built-up with time, requiring maintenance (a vacuum truck that sucks all the sediments on one chamber of the tank - or the two chambers if sediment has built up so bad). 

I work on a Southwest Airlines model so a lot smaller margin.

We follow the southwest airlines model, smaller margins, better clientele and tight controls with self management from a distance.

I'm an airline pilot and my wife a dental hygienist, looking for some passive income to supplement our regular income.

But in reality these gurus are vacuum cleaners that will suck the money right from your own pocket and not giving a damn about anyone.As PT Barnum said "There is a sucker born every minute" and the gurus use that to their advantage.

My Wife Sacha and I are Airline Pilots and have been for some 23 years.

It needs $10-15k of work to be rentable as all of the electrical needs to be replaced.We rent exclusively to commuting airline personnel so the main concerns are their safety, space, proximity to airport and public transit.When I run the numbers, they work BUT this is a bigger project and rougher area than we've ever dealt in.

Ideally, you want to be marketing in a vacuum, so to speak, such that you seem like this owner's only connection to the real estate world, hence the only person they'd even consider contacting about selling.

@Bill Briggs    Gary is an American Airlines pilot who flies frequently to China and is not a user of BP.