This group is not really passive but they can choose how much time they want to spend on their RE activities vs. everything else.

That is normally not possible if you pay retail market value, since if you need or choose to sell you will incur ~10% transaction fees ... without a discount, that is a 10% loss.

You can then choose to have all correspondence go to the owner so they would not even get any mail sent to them. 

Am sure you are familiar with meetup; you have lots to choose from in this area.  

Therefore the tenant remains solely a tenant, just renting the property, until they choose to purchase. 

I agree I never even consider appreciation as I intend to hold long term just speaking in generalities as to why someone may choose SFR.

I need advice please on routes you would choose to do.  

Account Closed  When you start working choose your broker for what he can do that helps you get started rather than the commission split he gives you. 100% of nothing is nothing.Some offices have many strong listing agents who need help holding their homes open.

I recently ran across a similar court case where the IRS took issue with this (thought I think the facts are slightly different).If it's a single member LLC, what business activity code would you choose on Schedule C when you report the income?

A bunch of real estate people stretch the truth to get a sale and have to choose to be honest to the homeowner about what they are doing.Another choice could be fix and flip but can take more creativity to get a loan depending on how much money you have.