I rent to one couple or small family for the full rental period - no less than 2 months and no more than 3 months.

I understand the risk it comes with if I have vacancies, but I do have a couples of months of mortgage saved to use in case I get stiffed.

I reached out to my investment advisor who pointed me to a couple books that opened my mind to the other possibilities.

The current owner listed last years income as $51,000, but currently has rents at (for the five separate units): $650, $750, $800, $825, $1125 (the math doesn't totally add up so maybe he changed a rent payment at some point). 

I have a couple of friends who have several rental units in Gettysburg and said the rents are good and he has many professionals who stay for a good amount of time and pay on time.  

I have a couple questions —1.

I am on a couple wholesale list in Memphis.

I know of a couple people who are doing this very unscrupulously at the moment and have seen how they are structuring their deals.

If I were to get 8 separate single family homes, I would 8 roofs, 8 foundations, and 8 structures.

Deviations from the PLRs will significantly increase the risk to you since your transaction did not follow the PLRs exactly.Deviation from Private Letter Rulings There are a couple of areas where transactions deviate from the three (3) Private Letter Rulings discussed above.