We typically get between 1 and 3 completed applications in a single open house (out of maybe 50 that expressed interest and maybe 5 to 10 to attend the open house). 

The single family home is worth 200k.

I also value privacy and control, so owning my own single family home is important to me. 

Hello,I currently own a single family home purchased in 2007 for $215K, 30 yr mortgage, monthly payment of $768.

I'm not sure it makes too much sense to have 20 different LLC's for every single property you guys own together. 

This scales your investing.Forces you to network and depend on a team leading to relationships = more businessForces you to develop communication and business systems to stay on trackConsNot as easy to physically be on site if neededReally it comes down to how you want to invest.

You can shadow someone, partner with someone, do a master lease, or start small (single, duplex, triplex) and work your way up.

The list isn't important anyway.B - The process you are following, doing what I am assuming is a Sandwich Lease Option is as follows:   1 - Gain control of the property by signing a lease agreement, and an Option agreement (they are 2 separate agreements, and should NEVER be a single agreement...and never include references from one to the other) in the name of an LLC (you).   2 - Sub lease to the tenant (buyer).   3 - Sell an Option on your LLC to the Tenant/Buyer.   4 - When the Tenant/Buyer exercises their Option, they are buying the LLC.   5 - The Tenant/Buyer now owns the LLC, and all its assets...which include the Option to buy the property.   6 - In the end, the Seller never changes, and the buyer never changes. 

We took our condo off the rental market and put it up for sale some 75 days or so ago, adjusted the price twice, and haven't gotten a single serious nibble. 

What they quickly discover is that virtually a single capital expenditure, a few inflated vendor invoices or a slow turn, could literally obliterate that month, quarter or year of being in the black.Likewise, PM's have to be concerned with much more than "Tenants, Toilets and Trash".