There are several companies or individuals that do this model in Chicago but they are definitely not all created equal.

As Nathan mentioned, I would make sure you have created a rental criteria that outlines income and credit requirements as well as how you will treat those with a criminal background or eviction history.

John Sims Consulting was created by John Sims as a result of his other company Black Oncy lending ripping off so many people- taking upfront fees to fund someone else's ligestyle

This has been invaluable in seeing  trends in real time and real life.I do live in a unique place in Indiana where most residents commute to Chicago bringing city money to smaller towns. win win

It looks unique to Florida, but that's the general line of thinking. 

All i could say is first need to do your research, you need to know the market status on your area, trends, and also if you could utilize the power of internet, like make an announcement on facebook or just create a website, forthomebuyers is doing the same thing and they focus their market on Texas.

We had to purchase contracts that had been created especially for this strategy by an investor and the lawyers on his team.

If he can't create the LLC someone in his firm could.

Owner dragging his feet to provide/ create financial documents/statements. 

I am in the process of transferring a property that I own from my name into an LLC I created.