May plan is to pay cash and wait until interest rate improves, then refinance and pull out $150k for a down payment on a second property. 

If your gut is telling you something is up, trust it and try to get to the bottom of it.

Find a local, trusted lender and get set up.

If someone sues you and wins, they can only take the LLC that owns the property that was involved in the lawsuit.Best: Using a combination of LLC and land trust to protect your rental properties.

So I was looking for a quick/responsible person/family to rent and take very good care of the house and treat it as his/hers,if you can promise us that you are going to take very good care of the house you have no problem with us.The house is located at ( 156XX 60th Ave N, Plymouth, MN 55XX ). 3beds 1baths The rent is $800 security deposit payment to move in asap is $700,Attn : The rent are including the Utilities are intact such as Dishwasher,Dryer, Electric Stove, Fridge, Washer,Air Condition,Sewage,Trash,all included in the monthly rent,as i am in a governmental programmer that sponsors my utilities on monthly basis etc..

I have a property listed with a woman, who was the trust beneficiary to her dad's home.

It seems like FHA might be a good route to go if possible or conventional if your credit and down payment.

Do yourself a favor and turn over the portfolio to a trusted PMC.  

If so, you'd probably pretty familiar with the process and it would be a good idea to do another house-hack if you had a good experience from it.In general, if you're out of pocket-payment is less than the rent you would've had to pay, it's not a bad idea to do a house-hack.

My tenants did not know that I owned the property because the payments went to the property management company.