@Damon Tyler What a detailed post :)You can set up keyword alerts that will allow you to help people in your areas of expertise.

Hi Sami,Thanks for your reply but that's not what I'm asking.Should I transfer the title to an LLC or sign a lease contract with an LLC and allow it to sublease?

I never allow pitbulls or pit crosses. 

Then you could end the contract if you feel there are extra people there.Of course it is discriminatory to not rent to an applicant for being at the occupancy, so tread softly and document your decisions.We have had occupants at the max, we let them know before they sign that no additional people are allowed under any circumstances. 

Assuming it is allowed there is no reason not to try short term first.

What began as a hobby 8 years ago, allowed me to retire early and cash flow life.

I was for the minimum time allowed then move out and use it and investment property. 

Estimate Rehab costs and Determine your Maximum Allowable Offer (MAO)

Or, are you allowing for the fact that we're all overdue for a correction anyway?

Find the most affordable housing to allow you maximum savings.