@Andresa Lobrace - there's no city of phila code (that I'm aware of at least) that requires exterior venting of a microwave. 

I was not aware of the refrigerated AC consideration so I appreciate you informing me of that issue.

When forming that business relationship the role of the sponsor is to ensure the the investor is fully aware, capable and comfortable with the sponsor and than the deal.

I wasn't even aware of the portfolio loan concept.

Account Closed Yes, buyer is aware of the lien.

Are you sure it is not in a "War zone" or high crime area?

I want to do this totally on the up-and-up with PMs and/or LLs being totally aware of my intentions.I take for granted that landlords/PMs are going to be predisposed to reject use as a STR - especially full time. 

I'm not aware of any KC accountants on BP, but there are many on BP that work with investors cross-country.

One way I am aware of doing Buy and Hold with minimal personal capital is using something like BRRRR where you refinance with a conventional loan after the seasoning period, thus paying off any initial funds (personal capital or hard money) and making it available for another transaction. 

The most you can lose is the money you invested, but be aware that you can indeed lose all of it.