Hi @Jason Moran, @Dmitriy Fomichenko may be able to help.A couple other items to keep in mind: these conversions typically take weeks and you should factor that into your contract and, if you haven't already done so, familiarize your self with the rules and impacts of using leverage in combination with your IRA.

LLC’s typically protect you, hopefully from accidents and lawsuits, not from the debts the LLC incurs.

In real estate I know the 6%-5% is split between both sides of sale (sellers/buyers) and then the remaining amount is split with the agency, so typically a real estate agent makes 1.5% of a deal.

Does anyone here have experience setting up these sorts of arrangements, and if so, do you have any tips as to how to structure the lease, or anything to look out for/provide for in such an arrangement that might not be in a typical 12 month residential lease?

And finally, is this a typical service that's offered to investors?

There are no requirements in national codes (IRC or IBC) that required two (2) doors for egress for typical residential units. 

The seller typically pays the commissions on both sides of the deal, and you generally wont get a discount for not using a realtor (unless the seller isn't either). 

@Bettina Cota - Typically, you are not allowed to hold 2 FHA loans.

Typical rental rates for the Kearney market are between $300-$400 per door.

Typically, the hoa will rent these homes out to make their fees back, and more, until the bank forecloses.