They have to feed themselves only and generally get their money from student loans (we both know how reliable the government is when it comes to throwing out trillions in student loans) parents or part-time work.  

@Justin Tortorich,The laws governing a property / transaction will be those of the state where the property is located, not the entity.

You can also setup a partnership and have individuals contribute money to invest with your but if you get to the point of raising a lot of cash you may run into securities regulations and you may need accredited investors.

Anyone know any attorney or tax accountant in Michigan, who knows regulations regarding foreigners` tax issues?

Account Closed, I can not speak for Massachusetts rules and regulations regarding asbestos siding. 

Step one is to study your state landlord tenant regulations.

What I have found when I present this Business Plan that the Government has outlined for the saavy Investor to do, is that they are married, with children and they can't imagine moving, like a person in the Military, every two years or so.

There are several ways to structure these deals, but to be in compliance with current regulations and to be very fair and clear to all parties involved, your terminology and the clauses of your agreements actually matter.

Read and learn your state landlord tenant regulations.

Another thing to consider is tenants friendly laws and regulations in CA.