@Erika CollinsWhen you are removing the "item," if it has lead paint you will be creating lead paint dust. 

It's funny... beginners read all the literature written about the housing market from 3 years ago and they say, 1% rule, lots of cash flow, but don't realize none of that works when the housing prices have doubled the last 2 years, as have interest rates.  

@Brian Dvorak you may want to look into Dodd-Frank law about nonQualified Mortgages, which this land contract would be considered.You should hire a Michigan attorney to create the land contract and advise you about Dodd-Frank potential liabilities.You don't need to move the deed to your name. 

You should consult an attorney or CPA for your specific situation.ANONYMITY: When you create the LLC, your name is recorded on the documents and published on the Secretary of State website for all to see.

This rules out acquisitions based on STR income.3: Aggressive: Can use AirDNA projected revenue to qualify you but have occupancy, market grade, and rural requirements.

I would consider this option only if I were truly at the end of my investing life and seeking to create an annuity-like income stream through a simpler and more consistent vehicle, saying putting it all in IVV and withdrawing a flat percentage every month. 

Looking to create generational wealth for my family.

In the other unit we created a simple surround with 6x6 white tiles from the top of the traditional tub to the ceiling.

Fort Worth is one of the largest growing markets with many businesses moving here and don't get me started about the amount of jobs created!

I really love everything about Real Estate and I’m driven to create generational wealth.