They offer a $10K repair fund to fix damages in addition to SD plus warranty for appliance repair etc.I have no say in whom they choose to move in, whether there are animals, limit on # of occupants etc. they reserve right to inspect property so i have no idea if they can tell me to remodel, paint etc.does this make sense i have a vacancy coming up in October (bad rental timing).

You have to have confidence and the Sponsor needs to build a relationship with you if he wants to be sure you have some insights into the risks of the types of deals you would be funding. 

I am in it and feel it is worth it as they have groups all over the country who, with experience transaction coordinators and funding groups, and even closers to help you along the way.

What I am looking for at my age, is properties that will flow in the future to fund retirement travel, and MTR is where I am headed.But the reason for this post is I now need a structure(s) for what had been a concept. 

Do I need to hire a property management company to obtain the rental license? 

I'm a CT based investor, flipper, and property management company owner. 

If my main goal was cash flow, I'd sell all my properties, except one and put the money into index funds/stocks - cash flow has been great the past 3 years.

Do you own your own construction company? 

The build process to include funding can be quite lengthy and difficult. 

The right company could find you a tenant for any model.