Maybe look at FHA 203k...google it..At the end of the day if the numbers make sense in your area then it's pretty cut and dry...Also if your circumstances allow you may want to actually reside in the in-law and rent out the rooms individually in the house which will almost certainly generate more revenue. 

@Dave Foster Is there a marketplace for 1031 Exchangers to see each other's properties, to mutually aid in the identification of properties to purchase?

It was also difficult to communicate with them since only 1 of the individuals spoke somewhat decent English. 

Will be spending some time in this area and wanting to connect with other investors, particularly individuals in the short-term rental/VRBO space. 

We were able to successfully transfer the property deeds from our individual names into our LLC however as you've noted there is a risk involved with doing this.

Usually this will happen quickly, so long as you are a generally credit-healthy individual.

I recommend setting up keyword alerts for each area as they are discussed in the forums daily with advertisements posted in the BiggerPockets marketplace hourly.One thing to note when looking at the individual markets, you can make or loose money in any market.

With the allowable rent increases due to the rent control, do you see (or have you seen) a trend developing where rather than allowing the market/individual landlord to determine rent increase rates, landlord's will automatically go for the maximum (7% you stated) to ensure they're capturing as much growth as possible, basically creating a 'market' that increases by 7% no matter what? 

and I would like recommendations for any particular software/services that offer both Skip Tracing &  would also scrub my lists to make sure I don’t attempt to contact any individuals on the National Do No Call List.    

You as an individual don't have any losses to utilize.