It may sound nice to pay a 5% management fee but the extra fees can add up to be more than the other company that charges 10% with no add-on fees.

The agent told me it is a pain to move a post office and no benefit for them to sign up for the extra work involved. 

I agree that sharing stories like this probably earn you more investors than sharing only success stories.

There is a reasonable chance that you could be required to convert it back to a 2 bedroom, so you would have paid for the extra square footage I would expect to pay for the original square footage and have the price discounted from that for the extra hassle and risk of dealing with the code enforcement officer 

Having a lawyer review the docs will cost more than the interest earned.

We have 2 br condo builders here in Silicon Valley do not even provide a.c. for condo at 1.8M, 1.7M 3 br, 2 bath 1400sf with no balcony or ac(extra) under high voltage power tower.

As a navy nurse you should try to leverage your earned VA loan to the utmost. 

Section 8 is a great way to earn extra cash flow, and as previously mentioned in lean times, that is great.

It's not hard to do and I like that extra 10% rental income. 

Not only are you creating a lot more work for yourself but you’ll also need to pay to open and maintain those LLCs to your state and CPAs will typically charge extra for an entity tax return.