If you're dead set on hitting at least 2000 leads a month, it's a pure numbers game and you could probably even use Spokeo or Intellius at that point and get even cheaper rates.  

Don't be afraid that you won't appeal to every tenant because ultimately you want tenants who appreciate a higher level of detail.Too many landlords treat the business from purely a spreadsheet keep-costs-low perspective.

Dominique,When working with sellers I always work with equitable interest in the property through a Pure Option.

So, while the IRS would have this information, unless they audited you, they likely wouldn't do anything with it.Now, if you did get audited (and my pure guess is that having this transaction reported may increase your risk of getting audited), the IRS would want to know what the money was for.

Or if you can prove it was purely investment even though you moved in.

As long as your trip is primarily for your rental activity, you can add a ­vacation to the end of the trip, make a side trip purely for fun, or even enjoy evenings doing vacation activates, and still deduct your entire airfare, rental car, or standard mileage rate if using your own car.

This is one reason I'm thinking to start with a small SFH portfolio where prices are more pure supply/demand for housing and not driven by the yields global investors demand over and above risk free rates. 

If you want pure ROI there are better ways to spend your money :)

From a pure business aspect disregarding personal issues if he were to get a divorce any holdings he may have with you could be affected legally depending on how the deal is structured so on that alone I'd stay away.

If they put dishes in the dishwasher with slobs of butter, fatty chicken skin and artichoke hearts and these things got pushed down the drain and caused an obstruction, you have a reason to sit them down and have a conversation.