However, based on new IRS audits, we recommend LLCs even with no tax benefit.

Hi, I'm screening tenants for a single family home and the husband has no credit history but makes the bulk of the income.

I want to be clear that even rent ready cash flow is not passive; residential RE even with a PM requires effort/work.  

We're not opposed to taking a risk or switching lanes, but we're not really experienced beyond single family and duplex properties. 

You can also do this with a single family with multiple bedrooms as well.

Tenants should be paying for anything they did that required repairs during the tenancy (eg they caused the toilet to back up, they pay for the plumber).I don't know what software to recommend, but you can do a lot of it in excel in a single file, just use different worksheets for each property within that one file.

We arrived at this as the hypothesis: - Look for a 4-5 bedroom single family home, or a large duplex - 4-5 bedrooms. - Look for properties for sale with assumable mortgages in that area.

So far, i only own single-family houses and a duplex ( on investment loan).  

Most don't know how to underwrite, choose a sponsor, or even what their goals are.I hope it's just part of the market cycle and the ones who want to succeed will spend some time learning the business.

Managing a single unit.