Also, this is the maximum size structure for our lot. 

It's my understanding that RPM has a franchise structure, so each one is independently owned and operated.

I would figure that out clearly FIRST, then decide the structure, rather than vice versa. 

Kick him money on the re-sale or structure the note so he collects interest should you choose to keep it as a rental. 

Then, find a great lawyer and accountant to determine the best business structure to support your investing and provide the most tax shelter for income.  

@Jason HernI thought an LLC was the the normal structure most investors used for the liability protection?  

What kind of deal can be structured here?

In the meantime Im doing market research, networking, and deciding on which legal entity to structure for my rei portfolio.

Appliances included with the RentalMonth to MonthDirect DepositLate FeesPet FeesUtilitiesAssignment and SublettingNo SmokingMaintenanceEntry By LandlordExtended Absence By TenantTermination on Sale of PremisesLease Termination Provision for Military PersonnelTenant Assumes Responsibility for MaintenanceBattery Operated Device(s)FiltersSteam Cleaning CarpetsProfessional CleaningLandscapingHOAKeys, Garages/GatesDamagesRenter’s InsuranceBreak Lease Option (Buy Out)AlterationsPest ControlHome BusinessesAttic StorageRenting Site UnseenAppliance MaintenanceFees/ViolationsDuct CleaningPlumbingChanging LocksPlay Structures, Trampoline, Pools and Other Large Outdoor EquipmentRoommateAs-Is ApplianceGood Luck you are doing great.

Did you and the agent discuss any type of fee structure when she first contacted you?