Section 8 are free utilities, these 3 guests are on the daily basic use federal paying utilities.

I would contact an attorney that's familiar with contract law and statutes governing property management companies in that city.

Brandon mentioned "selling" I think for others is they way I took it, so I have a question.Missouri real estate laws pretty much govern any form of solicitations to rent, buy, sell for others.

The concern is the investment a "Security" Under federal law, if the investors are passive you have to jump through all kinds of hoops to comply with securities laws.

Great returns in those type of neighborhoods and if it isn't a war zone you can actually find long term stable tenants, ones with government checks are the best (SSI, disability, section 8, etc).

The remainder man's estate was trying to sell all his properties to pay his Federal income tax within the 9 month required IRS time frame.

Armando Montelongo Faces Civil RICO Law Suit under the federal Racketeering Influenced and Corrupt Organizations Act ("RICO") on behalf of 164 former students of "Flip This House" star Armando Montelongo and his companies, alleging that the real estate mogul's educational offerings -- which cost up to tens of thousands of dollars, and which are attended by thousands of students every year -- do not live up to the central claim that the Montelongo "system works in any financial market, at any given time," and are instead the heart of a fraudulent scheme to sell students worthless "education."

Remember that while Registered Agent services may appear to be an expense you can do without, the trade-off is possibly missing tax deadlines, not being available during standard business hours - to receive important documents that you may be served (such as service of process), important government mail etc. 

On a side note, your diligence needs to be very thorough on the well and septic - these are coming under more state and federal scrutiny.  

A copy of a government issued ID.