The way I look at this situation is this:Let's say the rent you can get at that unit is $1000 as is.

If it works for you, that's great.

you state that you're based in CA and are about to start buying properties in AL. 

Hi Raymond, You are correct in your assumptions.

If you are single or married without kids and an understanding spouse.

Got divorced at that time which threw a wrench into plans so rental was put on a backburner.

Let them know that there will be routine quality control checks/inspections so that if your third party inspector finds any issues with quality, the GC will be responsible for paying for the correction.These are just some theories that I think will help and plan to implement when I operate out of state flips.

Under the Corporate Transparency Act, LLC's are required to file a Beneficial Ownership Information (BOI) Report. 

Lease options are the vehicle of choice here, until I sort out how to get to the other side of the ceiling imposed by debt to income ratio.

For those that are 1-4 unit properties on fixed-rate 30-year mortgages, I'm generally not making any changes since they were purchased at low interest rates.