I am on the Neighborhood Building Owner's Alliance weekly calls, and we had this ADU issue come up.

I recently discovered a traffic violation from North Carolina that showed up as a criminal record for an applicant. 

Then once you've fixed the property up and at least have it listed for rent you could refinance into a DSCR loan.

You may want to find a good agent in the southern NH area as I'm hearing that market is prime for investment with people moving up from MA, but your other markets might be just as solid.Also, since you're already an agent, it's pretty easy to get your reciprocal license for NH or RI.

LLCs are normal for CRE, so you divvy up the ownership interest how you and your capital partner(s) see fit.What's your specific question? 

Focus on absentee owners and start with the ones who live the farthest away and only own one property in the area since they have the least use for the property.You can also drive for dollars, looking for anomalies of disrepair and then look them up in the tax records and use a site like Spokeo to do cheap skip tracing.

Quote from @Don Bessette: I have a 30 plus year tenant that can not keep up with maintaining their unit, it is filthy inside and in desperate need of renovation, all systems are in good repair and I respond very quickly when issues are brought to my attention.It is also well below market rent, and they struggle to pay the current rate.Looking for suggestions on how to gently proceed with the notification to move. 

Let them own it till they die and step up the basis to your wife.

Ive been using the same for many years now and its my foundation for operations, follow-up, workflow management and communications. 

I signed up with Jason Yarusi.