I didn't mention that, to accommodate the tenant's desire to move in earlier than the "ready date" posted, some of the interior was not completed (only basic floors and ceilings) when they moved big piles of their items into the centers of each room, which allowed completion of the walls, moldings, paint, trim, doors, light fixtures, switches, receptacles, cover plates, etc.

The path you laid out with regards to NOT being an owner/operator is exactly the direction I desire and plan to go.

So now I'll just sit back and benefit from the nimby housing restrictions that plague our other desireable, high end neighborhoods.  

Better to simply walk away from the deal, or if desired, make a backup offer to the seller IF the wholesaler's deal falls through. 

Your best bet is usually with an individual landlord or less desirable property.

The issue as @Curt Davis raises is whether the LLC can really offer the protection you desire.  

After doing this several times, you are on your path to building wealth; you will have a nice, steady income and you can live wherever you desire!

It seem some Realtors don't like working with FHA financing as it can sometimes take extra time to close - making your offer less desirable to the Seller.  

I've read both of those articles in the past and I agree 100% - I have no desire to own this property. 

Have your appraiser brother talk to colleagues about your desire for a multi-family.