@Brian Gibbons So with lease option assignments do you stay hands on with the TB until the end of their lease? 

That's pretty vague, what is the concern, it's the sale of an entity, there is no RE closing, it stays where it is.

high-5 :)College rentals do require a different level of effort but the demand is anchored by the institution which matriculates a fresh batch of renters for you every year.

I'm in Dallas too, hope to see you around the forums and we have a meet up group....so stay tuned for future meetings.

Owners still "owns" the home.Explain the steps... when does the Release of Stay come in, who should I be talking with, etc.?

My last house was bought as a 'maybe flip' as I knew it was a fixer upper and was unsure as to how long I'd be staying in NY....turns out it was a year and a half and I'm about to put it on the market, after turning it around from a tired, neglected mess to a little jewel box.

Some options we are thinking about are...FHA: this would be a personal loan and I would have to live in one of the units, and stay for at least a year (I think), I could put a small down payment (3.5%), in this case i would like to eventually move the property to an llc maybe after a certain amount of equity is reached, then refinance.

Ask questions, stay active, and engage this community.

A manufactured home typically has a metal eye-beam frame system that it is built on for shipping and it stays with the home forever.

Staying busy with a big SAP implementation but trying to continue to make progress on the real estate side of things.