Reach out to a LOCAL property manager that knows the rental market BEFORE you go under contract! 

Thanks for the patience and the nudge to bring this back up to the top of the list.

Trying to figure out if the juice is worth the squeeze. 

I appreciate the insight!

That is the responsibility of the tenant, not you. 

@Kerry Hermann We got our start in the western Chicago suburbs as well but are now totally focussed on The Shoals.

The won't insure you or they will jack up the price considerably. 

We affirmed the absolute rights, set forth in your State’s LLC Law, for ANY Member to request copies of the three most recent years Federal and State tax returns issued by the LLC. 

Quote from @Victor Yang: If I gift a house, what amount will go towards the lifetime gift limit, the amount i purchased the house for, or the current FMV?

He get's principal and simple interest payments over a number of years.I'll manage the deal and the property.Looking to create a proforma for this that would fit a typical rental analysis but insert the detail of having private money cover the DP.