This may be a good solution for you but be sure to understand the law and operate it properly so you don't lose the protections afforded.Most investors I deal with own the property in their own name.

@Stanley E., right, but then I lose financing options as Fannie and Freddie do not allow banks to lend to LLCs.

We will obviously ensure they carry proper insurance, abide by the law, and submit to regular inspections.Question: if they live in the home and operate a business, would you charge them additional rent for the business side?

Hey Fred, something near the beach could certainly bring potentially high nightly rents if properly managed.

WE packed up and moved to E TN this summer.

In order to have a proper comparison you have to take into account the amount of time and effort spent on each investment.

While @Marcia Maynard gives solid advice, WA has a reputation for being super tenant-friendly; whereas my experience in NH is that our courts are less inclined to tell landlords what they can and can't do with their own property, so long as the proper procedures are followed precisely and the landlord adheres fully to all applicable statutes.If the tenants are in a lease term, they can not be evicted for cause not stemming from violation of lease provisions, nor should they be; as they entered into that lease in good faith that they would have a place to live at least until the expiration of the term.

I would suggest turning the water off to the toilets because if the flap needs to be replaced or it does not fall properly when someone stops by to check it can run up an enormous bill real quick.So that the house does not get broken into, maybe add a few light or music  timers and a simpisafe type alarm with monitoring. 

The fact they are complaining online might be an indication the property manager dealt with them properly so be sure to ask the manager for their side of the story.7.

The fact they are complaining online might be an indication the property manager dealt with them properly so be sure to ask the manager for their side of the story.7.