Jane and her team were invaluable in steering us toward neighborhoods and even homes within neighborhoods that would make excellent investment properties.

@Ozzy Sirimsi Thank you for steering me in the right direction.

That is Law101 for any attorney.If you are looking for info on Land Trust, steer clear of all the GURU types, they sell dreams, not real estate.

However, I would steer you in the direction of an FHA 203k loan, which allows you to roll the purchase price of the home, and any renovations you want done to it, all into one mortgage amount, putting only 3.5% down.

I am not sure how much benefit you get there though as only a reasonable percentage is retained by the prop management company.Also, you can certainly ask the tenant to pay rent to whatever entity you specify, regardless of who has signed the lease, but again this may or may not help your end goal.I think you should probably get some further clarification from your lawyer, there are a number of ways this can be handled appropriately, it seems for some reason your lawyer is steering you towards only one.

You can get yourself into trouble if you start breaking anti-steering laws saying one neighborhood is better than another.

The latter has its own problems, however.Find a local title company that can help you find an attorney, if needed, and steer you through the process.

I'm not trying to steer this post into asking for business so let's make this simple. 

Rent is due, when rent is due and there is no steering away from that.

Which would you steer clear of?