Any creative leases have probably not been put to the test yet. 

Generally, yes as long as the individuals meet the ownership and use tests separately. 

Hi Tyler,Pros: One operating agreement, one EIN, one bank account, one filing fee and one annual report.Cons: It has not been tested in the courts.  

If I did this, I would plan for my exit to be a hold, and stress test all of my ARVs to come in under and budgets to go over. 

Hi @Sammi LiuVacancy rates: there is no real data available industry wide for vacancy rates in the rental of Single Family Homes as most of the data we have comes from the Multi-Family market - so properties with 2+ units.Your most accurate sense of the vacancy rates will come from calling and asking current Property Managers and even then it will be anecdotal and possibly biased by the desire to secure your property rather than accurate data you can use to assess your risk adequately but it gives you a 'feel'.The best way to get a sense of the vacancy rate of Single Family Homes is to test the market.

Stress test your numbers for what might happen if interest rates rise, asset value drop, and rents drop before you can refinance.

Currently the property is subdivided, soil is perk tested, and there is a legal easement.

We will qualify for a partial exclusion as we lived in half of the duplex meeting the "eligibility test" for that side.

Thinking that you know more than a person who actually took a test to obtain a license is probably a mistake needing corrected.

And even though virtually every sponsor agreement allows me to share investment information with others who might be advising me on it (especially when club members are bound by an NDA), I still ask the sponsor if I can share it, because it's a test.