It's easy to obtain, costs very little, and doesn't require extra, on-going effort to maintain.

Bravo & congrats on thinking this through for the long term in filing your taxes with the income on there so it qualifies for ongoing income in the long run!

If he files a transfer deed to the Land Trust or if he "sells it" then property taxes increase, the change in hazard insurance becomes a tangle.I wouldn't give authority to a bank person to collect rents, file evictions, deal with repairs... there are set up costs and on-going management costs.

I do not usually avoid this type of confrontation but I would not take on this fight and I have had on-going cases for 3 years (new one started before previous is settled).

But if you insist on going far afield my basic advice is to figure out the median price point of a city.

They essentially want me to set everything up and pay the upfront costs, then they will transfer everything into their name and pay the ongoing fees throughout the lease.

-- for a Bit: Besides ongoing construction at I-15 and Tropicana Avenue, a six-mile stretch of I-15 will completely close later this month and early next for repaving.

Ask to tag along on an ongoing project.

Make sure to have a weekly meeting to discuss on-going work, schedule issues, and budget.

As @Johnathan Norman  mentioned this is different than the NPN strategy hoping to get a preforeclosure property for a potential flip or workout.One thing we don't talk about much as note investors is the ongoing need to redeploy capital.