The property you describe falls into small-commercial not residential and therefore doesn't qualify for that type of loan. 

Any thoughts from anybody as to whether I should proceed as I have described? 

@Stephan Kraus What you described there in Vegas is what I'm seeing here in Florida too.

@Zach WatsonIt’s always silly to me when I hear of a tenant describing a residence as uninhabitable and yet refuses to leave.

If you implement the asset protection strategy as described above, would you still qualify for this passive loss exemption due to condition f?

Thank You Joe S,Eventually my goal is to do buy and hold rentals, although I'm also considering the strategy described by Grant Kemp in Podcast 70 that involves controlling a deal for 60 days with a lease option, finding a new buyer, purchasing the property from the seller with subject 2 or owner financing, and then selling the property to the new buyer with a new WRAP mortgage.

This tree you say is 12 feet if that is the trunk your describing it might not be a diy project, the cheapest way will be to call a pro lets you try yourself and cause and accident or other damage to property that could cost you dearly.

I am looking at TK at the moment but I also wouldn't mind going solo in the way you described there (rent ready + choice of PM).

They were all words you would naturally want to use in your LLC name to describe your rentals business...'

If not, maybe describe what you like and don't about yours.