The only reason I'm using LLC's is identity protection.When you file any paper with city or county, you don't use your SSN as an owner but rather EIN of the LLC.Also, the info of ownership is public in Ohio: you don't want every tenant to know that you own tons of houses.....especially if it's free and clear......that's when people want to think how they can take you to the cleaners  

I just use the built in software to do that and I get a report back from Transunion within about 2 hours of the tenant fills out the verification of identity piece. 

Houses almost identical to it, in terms of style, layout, # of beds & baths, are going for around $140k in the same neighborhood.

We have been burned 1 time from a VRBO booking who used stolen cards and a fake identity to sale drugs out of our house.

@Thomas S. my perspective is identical to yours at this point.Update in the last 5 minutes:  Downstairs tenant sent a pic. 

Rate/term refinance and purchase mortgage rates are identical, so either way they'd be looking at whatever/wherever rates are in 6 months, but this way (close now and look at refinancing) they own the house and it's not your problem if rates go up another 0.5% and their newly improved FICO score is a wash with that.  

But this gets into the more specialized area of asset protection and identity protection.

Property purchase price  $1,124,0006884 sq ft , ( 2 ) 1800 sq ft units   downstairs  that could  rent for 3500 NNN And identical  spaces above , the problem is I would have to put maybe 35-50k into it to create a separate egress so each unit has its own entrance and exit .

This ensures you are not liable if someone steal their identity. 

I purchased another identical unit in this complex 6 months prior for $18k higher, so I new it was a great deal.