A friend of mine had a similar journey - they turned their old home into a rental property and soon realized they loved managing tenants and exploring ways to add value.

Like a rich uncle or friend of the family doctor/lawyer?

The best way to navigate through all of these hurdles is to find an agent-friendly investor that is finding off-market deals solely for their clients

Then you own the LLC and can transfer the property into it.If you transfer the property into that LLC the way it is then technically you just gave your friend ownership of the house proportional to his ownership of the LLC.I'm not an attorney, so take that with a grain of salt.

When they got back to TX, friends asked how it was, was it worth it, holly cow that was so much $ they spent and "Betty-Jean" says with a smile ear-2-ear "it was everything I had hoped it would be.....

Without knowing the specifics of the Providence market, I would suggest researching the locations of other student housing providers (ex: https://the02908club.com/).

These software are often excellent platforms for tracking income and expenses for investors; being user-friendly.

The LP got it from a friend who is in some kind of real estate mentoring program.

I'll never stop investing in rentals though and providing properties for my investor friends.

Quote from @Dan Huang: @Tyler Sweet I am a firm believer in the disruptive value of blockchain technology and decentralization, and a crypto-friendly realtor in Las Vegas.