But ideally I want to move more into non recourse loans so it's not an issue. 

A 5 bedroom property is not your ideal rental but it's worth considering compared to selling the property.

What are ideal terms?

They should serve as rough guidelines only and make sure you know how the different letter grades are defined by the person using them.2) Ideally, you're making this determination about areas where you have some familiarity and first hand knowledge.

Someone who ideally owns some investment properties themselves and understands cash flow and what matters to investors. 

The ideal scenario based on your situation is to secure it with financing in your name and then do a quit claim deed into the llc.

I just found a house that's in our ideal neighborhood (we'd use as a rental now and later move in when we move to the area because the schools).

You want to factor these seasonal costs into your numbers (and using real numbers for contractors in your area is ideal).

My question is, whats a good buy price. the owner now seems to have a lot of interest at 6500, but i just think that because of the work needed that i need it cheapier. however, even if i just rented it. here is some fast basic numbers.lot rent: 300could rent for: 600Thats 300 a month, and 3600 a year. no maybe not the ideal price. but for less than 10k still not bad.

Also, while some of the tenants are ideal a few are chronically late and one extra benefit of the rental increase is to install a regimented system of accountability for paying rent.