This first posting is to get experienced advice on insurance, advertising, property management, cleaning and handyman services, llc structure etc.Chris

Seller's end up being responsible for your malfeasance so while it may be "off the books", the liability remains to some extent no matter how your purchase and sale agreement is structured with them.You came out guns blazing against my statement, without clarifying your position, until I poked holes in your comparison between your position and that of the OP.

As example, list segments in Lufkin for single family homes <$100,000 with 2+bathrooms (the county doesn't report number of bedrooms) owners known to have low equity eliminated: 208 Seniors, age 60-89, 15+ year residence96 Absentee Owners215 Owners with Low Financial Stability Scores, age 40-89, 5+ year residenceThese are great potential sellers for you to mail a letter of post card letting them know how easy you can make it for them to sell their house to you.

I didn't want it due to structural damage.

@Nick Britton how would you structure pay?

I just got my first rental condo. The condo is currently under my spouse and my name. A few questionsHow should we put as owners of the property? Us as owners? Or create an LLC and move the property to the LLC?How sho...

All of the Above (haha) HVAC, roof, trim, paint, floors, foundation, electric, plumbing, fixtures, bathroom, kitchen, landscaping, flooring.

Purchase price: $225,000 Cash invested: $30,000 Sale price: $340,000 Three level, single family home, 5 bedroom, 3 bathrooms.

With what you are trying to do, there may be some structures we can come up with in order to avoid the securities world, but would need to dig into detail.  

Depending on if each of the family members are interested to do their own deals with you or you are combing the money into one fund and purchasing a property, there can be different structures.