My plan is to get the properties in my name this way and then quick claim deed them over to a LLC although I know that I probably wont be able to do that.2.

(And also to buy motorcycles and a fun car, eventually)I'm currently addicted to the BP podcasts and listen to them while I drive to customer visits around the state.

And for the content it should really be quick to the point about what you are trying to do.

Home could easily rent for $3,000+.It is the next-to-last house on a quiet street, our lot is next to the home of the person who sold the development back in the 70s  and he kept 20 acres to himself -- so our home's backyard and to the side is 20 acres of woods and trails that won't be developedIn-ground swimming pool with a new pump and pool linerNew water heater, washer and dryer, and full-home water filtration system (all put in just before we moved in)Renovated kitchenExtremely unique "sunroom" that the first owner had custom-built with huge nearly floor-to-ceiling windows.

That allowed me to quickly see where my income was coming from and where my expenses were going out.

You want to be in a position where you can act quickly once a good deal comes onto the market.  

Quick maths $158k / 2 = $79,000, I'm going to overshoot and go for a 7% cap rate assuming it's in Tulsa area (I know 45 mins away) where you are from and I get a value of $1,128,571.43.

If he refuses, could this quickly devolve into an eviction?

You'll hate your life very quickly. =)Are there other houses around the lake that are on Airbnb? 

Congrats on moving quickly and closing successfully especially in RI!