There is so much information and noise out there, might be helpful to just find a local community to get your feet wet. 

Either book should give you enough information to act on.Here's some generic beginner advice: 1.

For context and without going into the details of my situation, they recommended setting up a revocable trust and then setting up a Wyoming LLC as a holding company, then setting up a New York LLC owned by the Wyoming LLC holding company to hold the property for the asset protection and anonymity.However like I said I am getting conflicting information/advice.

@Robin Searle Thanks for the Information.

Some you're too early and even if you inform them, you'll have to do it again later to comply with the law.

. - Leading into home stretch of POTUS election cycle, the above may be a strong catalyst to press the deployment of a stimulus offering in form of home buyer empowerment

We ran into a difficult seller in one deal who wouldn't give us the information we needed for due research.

@Henry LazerowWhere do you or your client post bedrooms for rent?

That said if you're looking at buying or converting into a multiunit, you should be able to at least break even with 2+ units if you're looking at doing mid-term (saw your other post).

Or, single family properties where each bedroom itself is rented, as your post seems to imply?