You can still evict if they violate any other terms of the lease, but if it's purely financial then it's very difficult to have the courts approve an eviction anywhere.

@Tiffany Onwudinanti As Jeremy mentioned, it purely just depends on the area in Pueblo.

I'm still finding 1% deals on the outskirts of Austin, but yeah in Austin proper as a pure investor I'm having difficulty finding positive cash flow opportunities.  

A pure lease for one year and a pure option where option fee is not financed but a lump sum should be fine without Dodd Frank.My problem with the CFPB is all about consumer protection. 

If not, buy the ones with a 10 year battery. 

I personally don't see much in South Everett that is any more than a pure appreciation play (I look at anything under $2 million).

The Pewter Gray is nice, but it has pure gray tones, no brown. 

This is pure speculation on my part here. 

I'll speak purely to the accounting and tax side of it, others can address the legal issues as they have already started probing.The answer will change depending on whether you are seeking to create tax basis financial statements, or "book" basis financials that track each member's economic interest in the LLC. 

Now if this property is just the second property you own, it will be purely an investment property, that has a wider breadth of options available to you, as it is not an owner occupied property.