I reached out to the mortgage broker I used in the past just to check to see if they have any products that they might be able to use for something like this (they had personally used it in a commercial structure but never in SFR).I will try to reach out to some local lenders.

It's probably more productive and less stressful. 

Know how long evictions will take and if in a landlord friendly versus tenant friendly state.Research any short sales or foreclosures happening from other apartment buildings locally or new product coming to market that might affect your rent rates and occupancy averages.

The reason we ask is because we want long term benefit and durability of the product?

Lower income jobs, purchasing properties below replacement cost, some poverty, city government that has a understaffed code enforcement department, local lenders that understand real estate and the market, low quality properties for rent so you can provide a better product...  

Dwolla could be next.www.erentpayment.com customer service is excellent and so is their product.

A beneficiary can also be the trustee.My opinion is much like Ned's most is pure guru and attorney bunk selling a product when it is not needed at all.Anything done intentionally, torts or illegal, you will not skate scot free because of trust or LLC.

Misconception, that all Fannie Mae originators/lenders have the same underwriting, they don't, they have the same initial guidelines to meet, they may also make additional requirements or have stricter underwriting for a product, that's because they are on the hook for the origination and they may not want the risk of a particular product.Wholesale mortgage bankers can also make additional requirements for originators, that is the bunch that the bank or broker sells the mortgage to on a one at a time basis, the loans may be adjusted to local or regional markets, a loan may have different terms or requirements in Cali as opposed to Mo.  

If that were leveraged with a conventional or portfolio product, at today's terms, you could probably get it to 8-9% CoC.I can't speak for others, but 6% unleveraged and 8-9% leveraged is probably as low as I would consider for a completely passive investment. 

Overall, I like how the end product looks.The only area I would reconsider is the kitchen.