Quote from a Investor friend on another forumn in a similar recent question "An individual can do up to 3 in 12 months without becoming a mortgage loan originator so long as he's not selling as an LLC.  

@Amy BrociousA recent home(rental) we purchased:An individual came to me wanting to sell me his house.

Each one is looked at individually.

Now some banks might have a total lending cap for any one individual.

You may find later on that assigning contracts as a business venture can be different in the eyes of regulators and others involved in RE than an individual who just assigned a sales contract.

I believe it goes back to what the agent said individuals who have been pre-qualified but when the bank makes it's final decision they don't meet the criteria of having enough for closing and three months of the mortgage in savings people or the other numerous stipulations. 

If the LL is a big organization like a REIT they may be unwilling or unable to negotiate lease terms with individual tenants.Or maybe the LL just thinks their space is hot enough that they don't need to negotiate as another tenant will accept the default lease terms.

Individual properties AND an umbrella liability policy.

My guess is yes, but you cannot hold more than 1 month's rent as security deposit and the amount collected must go into an interest bearing account (which is .05% today) - 1 account per tenant OR you have to keep track of individual interest allocated if you co-mingle money.  

Having been a high volume REO agent in the past I can concur there are many details involved that must be transacted properly on both sides of the transaction in order for the seller to substantiate taking what is more often than not a serious loss of capital.