Feel free to DM me and I can relay the path/process I've taken for my structure...after law school I went into estate planning/asset protection for HNW clients.

Start planning, get creative, and take that first step toward becoming a rental property owner.

Everyone here needs to understand that when a landlord refuses to keep their property repaired and is in violation of Local County Codes, it makes it tempting to find good rental property to move to, AND to report the property to Code Enforcement, which now I am planning on doing.

It's usually not a problem as long as you have both lenders on the same page with your plan.

I recommend googling "(City name) comprehensive plan" every city has a city plan that shows where their major commercial projects are heading. 

Speaking for myself I’m just planning to have to live there for more than 1 year and make sure there is room to raise rents, for example spending a few thousand to bring a washer dryer connection to the complex if it doesn’t have one could be a great cash on cash return if you can raise rents maybe $50/unit on the next turn. 

You should not have to go to extremes for hiring an attorney, but you can always consult your Evictions attorney in writing for input on the steps you plan to take-

It's all about the plan document, and we use a custom plan document. 

I plan to look into these.

I'm not sure if you're planning to buy and hold or fix and flip.