After operational expenses, there might be minimal tax.

You'll need to consider DTI for any of those options, which is usually the limiting factor for people as they start to scale. 

Most full-time agents will be thinking about other jobs this year as well.

People are doing it.

I have a group chat with my tenants that time stamps all communications, and have handymen, plumbers, HVAC techs, etc. in town that communicate well. 

Access to financing, such as 90% of the purchase price, can significantly lower the entry barrier, but success still depends on having a well-thought-out plan for managing renovation costs, timelines, and potential risks to ensure a profitable outcome.

If the home sits for a period w/o a viable bid from a prospective OO then it'll be opened to investors.

He is an investor as well.

Nothing more to add from me outside of saying job well done. 

@Toby FellowsGet an attorney and have them complete the process for you would be my recommendation.While it is something you could do, I always recommend spending a few hundred bucks to make sure it’s done and done properly