Less head aches, great chance for appreciation.

Also, I had a Ch. 7 bankruptcy discharged not quite 2 years ago (nightmare deal wiped me out then), but credit is spotless since then.I would need at least some of the rehab money up front.

My ideal renter would be a young professional/s (DINK) in business, tech, or medicine.

I can tell you from experience, asking a bureaucrat if something is allowed will only lead to heart ache and large empty pockets.

Is there such a service? i have looked. I bet it would be a popular service

It sounds like you are heading in the right direction and there are some good arguments for both of your options above.Of course I am a little biased for the Indianapolis market and see lots of out of State buyers here do very well [and a few that loose everything due to a bad or no team on the ground].If you do look out of State, I would suggest sticking with SFH for starters [they are much less of a head ache to manage and very easy to sell later].

As I have no problem pulling a permit for a client but most don't want the head ache .

Good move :mrgreen: Let some one else deal with the head aches

I am hoping it will be worth the head ache.

I would reckon that even an LLC is somewhat of a head ache from a regulatory perspective - you will need an attorney to draft a PPM, also I believe you will technically become an investment adviser so far as The Investment Advisers Act of 1940 is concerned, and probably an investment manager in the scope of The Investment Companies act of 1933.