If the early 1960's is too distant a memory or considered irrelevant to today, just look at the sporadic nature of the decisions being made at the moment....one day they give...the next day they take.  

The decision to rent to her has been decided, we just want to protect all interests.

You made a great decision by joining this site.  

I'm very new to REI, and joining BP has been the best decision I've made to further my REI education.

You can get financing in the name of the LLC through a commercial lender but they will require you to personally guarantee the loan and the decision to lend will be based on your personal credit, not the LLC.

When you buy an empty house, it's just you, the house, and your decisions......simple.  

I can be approved for one primary residence home, which is where the split decision comes in.  

Additionally, it makes it more difficult for the agent to comply with confidentiality and fiduciary responsibility requirements when acting as an intermediary.I second what @Kathy Stewart said; getting a network established is critical to making sound decision for long distance investments.

At the end of the day an investor would evaluate the opportunity's risk when making a decision.

Beside the purchase price and the average rent in that area, what else do I need to know to make the decision?