The properties are setup as "self-rentals", similar to how a professional services company separates their ownership of their building from their business.

The journey as an investor has been fruitful, but with all good things comes it’s challenges such as obstacles with tenants, the respective city laws,co-ownership nd etc.

Ownership \ managing, 7 are in Overland Park 1 in Lenexa.

I went in with 4 investors for a 50% ownership with a contractor that owned the other 50%.

And you also get the property appreciation (substantial over 15-20 years), equity, inflation hedge, improvements needed, pride of ownership, and less complexitiesArbitrage you get the " what do you mean you won't renew after our three-year agreement?

@Jacob Sampson - I anticipate that we will potentially have similar partnership agreements, with varying degrees of "ownership" based on a number of factors including who has access to contacts in these mountain towns, who will be providing the "hustle," who will be providing the cash, and many others :) Thus, I wanted to see if I could at least begin putting together systems to support such an endeavor :)Thanks again Jacob's :)

She holds no ownership interest in the property and will not be making any of the payments. 

Temecula Valley is a hard area because these are almost all owner-occupied or tenants with pride of ownership mentalities, not a lot of fixers. 

With that being said, Nevada is not the only business friendly state and there are strategies that can introduce anonymity to your ownership without the use of the Wyoming LLC.

The PM wants nothing to do with your money - however, depending on how large they are they might have processes surrounding transition of ownership that would require them to forward the money to the closing attorney's escrow.