I doubt it would hold up legally.The cameras on the front of my house cover my driveway and you can see the front of several of my neighbors houses and front doors and driveways in the background.

Even if you're talking to a property manager who should be the right person to talk to and tell you what the correct rental rates are, still double check what they're telling you is accurate. 

I managed to find a house rental from a coworker. 

I am looking for $150 a door after ALL (PITI, vacancy, capex, maint, 10% prop management) expenses.

So, if you form in Delaware, for example, and want to flip houses in New York, you will still need to register to do business in New York.

Another way of thinking about this is self-managing your property; you wouldn't report "management fees" in expenses and then have that portion in "self-employment" income. 

I thought I was getting an amazing deal but what I'm ending up with is; essentially locked into closing on house where everyone expected the current tenant to leave cooperatively however, he is now planning to stay indefinitely without paying rent until getting evicted.

.- lower turnover- easier on the units when they do move- quiet and less disturbance than traditional, younger- for fixed income, consider partnering with the local housing authority for SEct 8 vouchers, then raise rents accordingly - guaranteed money & the Sr. only pays a portion (if they qualify)Traditional renters- Higher turnover- Higher turn costs- More volatile - higher bad debt- More drug related activities- Adding in children that are hard on units- Higher eviction rates and legal costsConsider all angles before making a decision with the changes. 

I bought a lake house in 2010 to use as a 2nd home.

I have been doing this for over 10 years SOLO, no va's, no dispo managers, just me!