This will generate rent payments to the LLC's actually owning the property. 

It is probably the most significant thing to happen to the Austin RE community in a generation, in my opinion. 

I'm brand new to real estate investing and enjoy all of the content here at Bigger Pockets.My goal is to generate passive income through turnkey rental real estate.

@Patrick Martone, Atlanta and its many surrounding areas still has a lot (may be a stretch) of multi family inventory that generates quality cash flow.

Also I read an article recently about the increased rate of some of the older generation passing away or moving into assisted living/retirement homes and how it could leave homes empty.

Bandit signs can be a great way to generate calls.

For a 2% -3% return on her equity she could sell the property and generate the same or better returns without the hassles of owning real estate but then she would lose out on the hoped for continued appreciation.

I managed to confuse myself when I saw that there are 100s of forum posts saying always do a 30 year over a 15, but justifying a 2% increase in interest rate to generate a little over $1000 in cash flow didn't make much sense to me.Thanks for your input.

My goal is to generate passive income through buying rental properties, house hacking as well as establish a career as a real estate agent working with investors.   

There is really no such thing as an approved short sales unless if an approval letter has been generated for a specific buyer.Most Banks quote 45-90 days for a decision; Many times it may take longer.