Everything you do with tenants has to be measured and fair to all- Them and YOU.!

I can bring in around 10% of costs as skin in the game.

One more thought: In areas with lots of investor activity, you'll see a fair amount of title holding trusts, like "123 Main Street Trust".

I cannot manage, I just can't - I work fairly long hours as a lawyer and it is not an efficient use of my time.

Because they have no skin in the game.

Lot Rent X Lots X 60 (if its in fair condition, or 70 if it's in great condition and single metered).$250 X 14 X 60 = $210,000 or $250 X 14 X 70 = $245,000However, yes you do have to figure in for the house, but if that is all the rent you will be getting, I am not sure if I would consider this a good deal.

Now, that said - I'm curious what others have done to setup a return that is fair for the investor and fair for the fund and fair for the manager.

Oh, and for those who think that the transfer can be made at nominal value (like $1 or $10 or $100), the PA Dept of Revenue has a formula they use to impute a fair market value that will be the amount considered in the calculation of RTT - just because of people using nominal dollar transfers to try to circumvent payment of RTT.

As per fair housing act I am not supposed to ask someone's immigration status but if I allow her in and if she happen to be not legal immigrant, would I get into trouble?

It is a SFR 4/2 1800 sqft in fair condition.