Well you can start easy-- just run the numbers.

And it is pretty easy to do using a quit claim deed.  

I could move into a property that looks like a good deal (either in SF or the Easy Bay) and secure an FHA for 3.5% down by virtue of living in the property as my primary, rent out additional rooms, and essentially function as the property manager.

Our first intuition was to get an LLC but we no longer thinks it makes sense for the following reasons:- Have to get commercial loans instead of residential, which have much higher interest rates- Have to get homeowners' and umbrella insurance anyway - we feel the risk of being sued while owning rental properties is lower than running other types of businesses if we don't cut corners on the rehab and have a good property manager - Large amount of filing and annual fees requiredAre we thinking about this correctly and is there another structure that would best suit us?

This is a very easy loan and not one where you need a specialty or portfolio lender as their rates will be higher. 

The rehab took an easy 2 months.

The rehab took an easy 2 months.

Its simple and easy process. and I will even walk you through how to look at the numbers to make sure that they work.

That day he made an easy $500+ for a job he did.

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