Fannie Mae will allow you to transfer the deed to an LLC if you decide to try to go the conventional route, but the loan would still be in your names and you'll need to pay a title company a second time post-closing to do this  for you. 3) I can't speak for the area so no comment there4) If you're self managing, make sure you find vendors you can trust in the area since you won't be able to easily verify if an HVAC guy, plumber, etc. is trying to rip you off and tell you to buy something you don't actually need. 5) Make sure you have clear alignment of goals and a clear operating agreement that spells out what to do if those goals start to not align in the future since you'll be jointly obligated to these properties. 

If you seem like you are just gathering information to self-manage than they will likely blow you off.

I wish I could pull something off like that... basically, its a fee to make sure you don't waste the lenders/broker's time.

Both a literal break (time off, not legs) and perhaps a little freaking grace (especially from those of you who profess to be Christians). 

Most gurus who scam people have very fine print allowing them to cut you off for calling them out.

But the risk to the seller on this deal is immense you have a guy tying up a property who has no ability to close it and then sell it to whoever will give him money and that person could be nefarious get into title rip rents could give 2 craps about the sellers credit etc etc..

I am not the most technical person but in this day and age, not being technical is even more reason to welcome opportunities to use platforms that help develop that skill. 

Michael - you can use this platform and FB Groups in order to find off market, live STRs in all of these neighborhoods.

@Ashish Gambhir, Congrats for getting onto the BP platform for information. 

They often provide standardized lease agreements that comply with state and local laws.Additionally, many landlords use platforms like Avail, Zillow Rental Manager, or TurboTenant, which often include customizable lease templates that are state-specific.