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.

My goal was to just take his month late payments and give him a non-renewal when his lease is up.

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? 

@Ryan Rabbitt Did you end up pulling the trigger? 

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

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

As you may have found in your search, there are lenders that will lend up to 80% of the appraised value on investment properties and don't require an appraisal.Let me know if you'd like me to point you in the right direction.I have not; I'm still working on acquiring my next house hack, but when I need it, I'll probably use a combo of hard money and margin loan.

does NAR take this up at all..

I have come across a few investing academies that help you set up an LLC and pretty much hold your hand in setting up your first arbitrage or Airbnb property.

The land is in a very non-desirable area pretty much in the middle of no where so I would assume the cost of the land is low but don’t know how the ROI would be after you had the infrastructure up and running.