I own a .67 acre lot just outside of Austin, TX , technically just outside the Buda,TX city limit. 

There are a handful of banks that specifically focus on the Profit First model and have their accounts built for it.The first is technically not a bank, it is a fintech company that partners with a bank to hold the assets.

I am technically an active CPA but haven’t been actively using the certification in almost 10 years and never specialized in tax, but I still have the general background and understanding.

Keep in mind, they charge you 6% on top of that, so technically it's only a 64% split.

I have heard before technically, you need a Rental License to rent.

I guess I didn't really think about it but technically I'd be doing BRRRR since I really only want something I can rehab and have the option to just sell it if market drops or can't find a renter in my timeframe id hope to rent it in.

So technically your loan is pretty much "free" because of these arbitrage position.

Your loan probably technically doesn't allow this because there is a "due on sale clause" but I have never heard of a loan being called as long as it's being paid My advice to you would be to screen potential property managers, read reviews then set it up to be managed by them. 

Many folks these days are opting not to work on Subto's as that strategy has become commoditized and marketed by big industry gurus which now in turn has led to the lenders taking notice and starting to call the notes due, since a subto scenario is a technical default, unless there was a formal assumption done. 

@Dylan VargasActually still in Chico technically...