It’s relatively simple and, while it does cost money, it’s one of the more cost-effective options.

In rural areas building size and age can vary a lot, the comps are literally not very comparable. 

FYI in cleveland when the city sees the owner as an out of state entity you are put right in the cross hairs and they will literally go measure the grass and fine you and make it a criminal offense. so in cuyahoga county yes i agree to use a LLC but I would do an ohio one.

The house is a simple two bed one bath with a garage and a fenced in backyard.

The answer is very simple: if it was that easy, everyone would do it. 

Let's keep this as simple as possible....Ex 1: 3 single-family rentals, value $300-400 each.

Create a simple spreadsheet or written list to compare the features of each and identify the ones that align with your requirements.

What guarantees they'll be made whole in simple terms? 

If you get the conventional mortgage and it records as a first lien that’s simple every day deal.

Literally trying to dig up dirt to help me stay objective and realistic, found this thread.