Quote from @Jeff Chisum: This is my specialty!  

This might be common knowledge but is there an average rent per square foot for single family that I could assume for quick estimates while looking for deals?

Why not take his name off the LLC and put it in your name now while the LLC has $0 of value (or whatever nominal amount your articles of organization or operating agreement say that you contributed)?

Many investors have used this strategy successfully, whether by renting out extra rooms, a basement unit, or a duplex/triplex.

This means they still owe their debts, making their financial stability uncertain.2.

I hate to say this, but if you want to get a job with Yardi as the main software, you will need to start at the entry-level accounting.

I imagine there are some people on here that have used small business loans for this type of business or any business in general starting out.

I recommend it for anyone looking to get into this asset class!

I've done this with varying success.

Love this stuff!