You'll need a lawyer to generate the paperwork and filings and experienced enough to give you general advice on the process, help you establish appropriate compliance and back office procedures.

It effects every aspect of the property and performance- the type of loans and insurance you need will change if you don't hold the property in your personal name. 

We have changed our language to state the the person renting must be at least 25 and MUST be present during the entire stay. 

She did get a signed lease agreement, even having the managing partner sign as a personal Guarantor, but not a dollar has been paid.

And what I am personally seeing the Market place today.Commercial bank/ community bank were you have significant deposit relationship and long term relation ship..   7 to 10% plus 1/2 to 1.5 points.. these are relationship and experience and capacity lenders..

I admit it's not sexy and it's slow, but it works.If I had to do it all over again, I'd buy a personal home with 3-5% down then repeat every 12-18 months.

These areas are all great and growing really fast, in my personal opinion.

If you haven’t educated yourself on general investment strategy, then I would say that you likely haven’t maximized your personal business either.

Lower of cost or market for determining the basis is also the correct way to treat a personal use asset being placed into service for business purposes.

I chose to build my PM business from ground.To create a working system and to organize processes is difficult in the beginning, but to my experience it is possible to create a working model based on personal knowledges and then to provide a high level of service to the clients.