I would say that I have had to kiss a number of (how shall I say)....individuals.... until I found the five to six I like enough to trust with my money for 5-8 years.

In doing so I’ve been listening to more podcasts on the subject and have heard that when closing on 5 units and more the approval process is more based on the property and less on the individual.

The HML lender I work with prefer LLC's but do work with individuals. 

Good evening tax pros! I am running my sample 2022 tax return in order to figure out how much federal I'll owe for the year. I bought a property this year that was a good candidate for a cost segregation study, and I ...

If you didn't move the rental properties into the LLC then their income and expenses should be on your individual 1040's on schedule E.

Not quite following here but just looking for others doing higher volume of Lease Options related to 1) individuals or 2) companiesI read you bio. looks like you have some great goals for 2023!

There's nothing illegal about it, but it's a huge risk.You typically want tenants to make a combined income of 3x the rent but that becomes dangerous once you have three or more unrelated individuals pooling their resources. 

We're looking at purchasing homes in college towns, doing some renovations and adding rooms, and renting out rooms individually.

I see them as much more profitable than individual homes.

To be comfortable with this I would need to analyze the income of the individual paying the child support and I think in most cases there is no chance of them agreeing to that.