@Lenny B. : Are you in a position to absorb 100% vacancy in these units?

Like I say a realtor on here that barely got there license give me advice, or tried to shall I say.

If you get a conventional non-owner occupied loan, you can move in when you want, subject to tenants rights...2) House hacking will help subsidize your expenses, but may barely cash flow if not cash-flow negative. 

Here's an unethical subject-to, in my opinion: Buyer has $100K income, $50K in savings, good credit, a personal residence that they barely qualified for two years ago, and is looking to score a property at today's prices with a 2021 mortgage.

Been invited to plenty over the years, rarely and barely went.

I'd rather rent to a person with barely 3X the rent in income than somebody who's rich but going to treat me and the neighbors badly.

My first new construction barely valued out much more than my built cost, which trapped a bunch on cash into the property.  

At bare minimum, it should list everyone who is an authorized occupant, how much is the rent, how often is it paid, who owns the appliances, what (if any) pets are allowed, and my favorite question: "Are there any other written or verbal agreements of any kind between you and the owner/land lord?"  

You may also be required to have a registered agent for the LLC if it is a different state so do bare that in mind and do look into it before proceeding.You would not need a tax ID for the property if you are not getting an LLC as you as the individual would be the owner of it.Regardless of whether you go with an LLC or not, I highly agree with having a separate bank account for the property specifically to keep your transactions organized.

Yikes, I've looked at a few similar properties and some that were much worse where I barely made it past the living room before turning around!