As a newbie, and especially for out-of-state, your plate is going to be full learning all sorts of stuff and an LLC is just going to complicate it and not really offer any benefits for doing so.

It's not common practice in my area and like @Gregory Hiban was getting at, I feel it's only going to cause more complications with getting your vacancy filled. 

Stephanie:You picked a complicated project as a first investment. 

I agree that verifying the rent rates is crucial, but not being told the property was section 8 and also being told I won’t be provided any documentation/leases/sd prior to an accepted contract makes things complicated. 

Any borrower with 4+ transactions qualifies for 90% LTC financing and all have the option of rolling points into principal, deferring monthly payments, and avoiding the complications of a personal guaranty.

These future agreements are complex and down the road; things would be even more complicated both sides change of marital status, children etc. 

Doesn’t sound too complicated.

I want it mainly to monitor my properties and just check for small things like cars parked on the grass, etc.I do realize it’s complicated and was hoping someone has done it before.

As well as how complicated that process might become. 

It seems a bit complicated and slightly shady to wholesale on the MLS a property you dont own.