But off-market it's just about getting the correct info so it could work.

This is in Texas and I am not sure if this is 100% correct honestly.

Here are a few thoughts about your comment on market appreciation:Cash Flow is a hedge against corrections.

Doing nothing may be correct for one person, and engaging in a complicated entity structure may also be correct for another person depending on the situation.Each real estate investor/professional has different risk tolerances, different levels of savvy, different abilities in terms of bookkeeping, different estate plans, if one has an estate plan at all, and different relationships.

Verifying rental history often takes a long time to complete due to applicants not giving us correct landlord contact information, landlords not returning our calls or refusing to give us any details.We also deal with applicants trying to have family or friends pose as their landlords.

If the numbers are correct, there's maybe $20K to $50K in profit when all is said and done...

The last thing I want to do is mess everything up by not having our accounting done correctly. 

You are correct the proper word I am looking for is ownership.

Is that correct?

Depending on the house, it can be a very quick correction by simply painting over the lead paint.