I don't think it is practical tough.

I had a property management company that is offensive in their charges and their accounting practices.  

On the practical side, why would anyone lock themselves into a 3% interest return when the fed is raising interest rates quarterly?

I attended a landlord bootcamp which I HIGHLY, 100% RECOMMEND even well experienced landlords go to, not the city run one, which I also have been to and came away thinking it should be called the "tiny bit of good info and LOTS of veiled threats if you're a future slumlord class" but its from the Apartment Assoc of SE WI (I'm a member for full disclosure) but you'll get 8 or 9 hours of PRICELESS info directly from the attorney who my usual, general practice lawyer said is hands down the one to call for any bad eviction or potentially big liability type deals and he'll go through things that the city for one, would never dream of telling you, such as how in Milwaukee Cty, our judiciary is very biased to the left side of politics as you'd guess for a generally left leaning county, but that many of these judges take those political stances right into their courtrooms and you sure as hell better be prepared for rulings that fly in the face of the current laws, especially the changes made a few years back when the GOP gained TOTAL control of state gov't in legislature as well as the governor seat and as was national news at the time, went like a machete through the law books and fixed a lot of things needing fixing, including several relatively minor aspects of landlord/tenant laws that COULD be exploited, as well as stuff that didn't make sense anymore, etc.

Less serious but practical ...how can you even communicate effectively warnings, policies, updates, maintenance, reminders etc..if you don't know 100 percent who should be living there...I have guests at two weeks maximum after which time they need to move on or get on the lease....best of luck on this issue..great discussion..

For a thorough briefing of LLCs and how they work *in your state* consult with an attorney licensed to practice *in your state*.

As such, you need a Real Estate attorney licensed to practice in the state of Ohio.

It is good practice to establish a pet policy and procedure and a service animal policy and procedure prior to encountering the need.See: http://www.mvfairhousing.com/ServiceAnimalPolicy.P...An example from our rental agreement of a clause that has proven useful:"PETS AND ANIMALS.This agreement specifically prohibits keeping pets/animals, or allowing the pets/animals of others on the premises, even temporarily, without the prior written consent of Landlord.

Account Closed In a former life I practiced in US Tax court and handled several cases before the IRS Appeals Division The dealer vs. investor has been highly litigated area of the law.  

While it might sound great to have the heat split by the two tenants in practice  I am not sure how well it would work.