If tenants made the rules they would be homeowners. 

All the emphasis and effort on renovations and inspections is ultimately an attempt to control the controllables enough to create a desirable home for a future resident.

Make sure everyone is at least 20% members but that will create the umbrella necessary to get everyone “credit” on paper and allow them to start their investment journey. 

Is there a rule of thumb on cost associated with this type of service?  

In short...you are looking to create an open fund with some time share type qualities. 

Hello all,    I have performed some basic rule of thumb tests on renting out a property of mine, but before I fully commit I would like to double check with you all.I have a single bed and single bath house, 650sq ft, built in 1905. 

I have a goal of getting into multi-family properties and I felt like this property had the perfect potential of getting me there, offering an unfinished basement to create a split level duplex.

I strongly suggest you create an LLC for each investment property you have that way if the loan goes sideways and they have to foreclose, they can only go after the specific asset and not your whole portfolio. 

Take advantage of military benefits like the VA loan and relocation help, and chat with a financial advisor who knows military stuff to create a solid plan for your exciting transition!

It's advisable to create one and utilize it as the foundation for approving or denying applicants.