This is a standard strategy that investors use and yes, lots of lenders can help...but lots will NOT be able to help...or if they do, they will have restrictions...like waiting 6 months. 

Part E1 might violate what's in most standard leases about an agent of the owner having access to the unit to show to prospective buyers or tenants.

I ended up buying the LLC Master Machine.As an introduction, I am an attorney myself; my practice area focuses on business entity formations and governing documents, i.e. operating agreements for LLCs and bylaws, shareholder agreements for corporations, etc.I can honestly say that the level of detail with regard to the tax citations and reasoning to include such citations is well worth the money. 

This is a really bad practice & unfortunate & unless sophisticated & accredited investors like myself start demanding change it won’t happen.Ultimately before a subscription agreement is signed & funds sent in its up to the investor to do better due diligence & work to increase both their experience & deal flow!

Follow up questions that could demonstrate your intent would be things like "What is your normal business practice?" 

Hi again @Sara Taslitt, you can find some pretty good standard leases on the internet but Massachusetts is very particular with their laws so I think it is worth it to hire a good attorney to provide a lease for you.

Every day I look at the MLS, Zillow, auction.com, hudhomestore.com and many other resources just to gain the understanding of the area and practice running numbers.

It may not come to that, but since this is your first property I would suggest you go through an attorney anyway, even if it's month to month and it just comes down to sending the notice of termination.When I take over a building I also send or deliver a standard "takeover" or "welcome" letter to introduce myself as property manager and let the tenants know the answers to their two main questions: 1) who do I call/contact when I have a maintenance/repair request, and 2) how/where do I pay rent.Then (if the letters were mailed or delivered without meeting the tenants), I follow it up with an in-person meeting to introduce myself and answer any questions they may have.Usually the main question they have, whether they ask it or not, is whether I plan to raise the rent.

I was thinking starting with a turnkey provider would be a good way to start and get my feet wet but I also think that trying to do it myself would have a better (or worse) ROI.I’m a teacher on spring break this coming week, so I plan to call as many turnkey providers and practice running the numbers on as many properties as possible to try to figure out the answers to these questions myself.

Through reading it seems there is a hard limit of 5 loans, but practically you can only get 3 loans.