Due to the culture in our city being different than places like Toronto, every single applicant asked if parking could be included.

A tenant on a LT lease would forfeit the deposit for moving out, so I would be out very little money for the turnover (if self managing). 

I've rejected more than one applicant I might otherwise have accepted based on facebook.

And will I enter other fees under expenses (loan application fee, credit report fee)?

I have a background in construction, I'm not a GC but I work for a large commercial GC at my day job and feel that this may give me potential leg up in this niche/ stratgey.The half-baked idea I have now is to build a container house duplex and live in it and rent out the other half.

I recently set up and have moved money into a Self Directed IRA. 

If would be easiest for this transaction if I personally closed on the property, cut the $30k check and signed for the $500/mo (or whatever) mortgage, then informed him that he owed me $15k and $250/mo for the next 30 years.Then as rent checks come in (let's say 6 units at $800 apiece, so $4800/mo made out to the LLC), the LLC would pay the mortgage (-$500), the property manager (-$480 at 10%), set aside funds for maintenance/capex (another 15% of gross, -$720 in this example), any applicable utilities, taxes, insurance, etc (say another $500), that leaves us at 2600/mo. profit.

Originally instituted to prevent land speculation by ski resorts, it is applicable for the first 7 years of ownership.

I have a document titled “Preliminary Rental Questionnaire” that asks a few of the more important questions from my rental application which I send to every single person that applies for my rentals, regardless of criminal history (we can see judgments against any Wisconsin resident as soon as we know their name).

What you will notice about all responses, is all of them contain an assertive solution.