The idea of home ownership appeals to me, and I'm also eager to invest in real estate on the side. 

@Jo Zhou Here is a crazy idea that would allow you to save face in front of the tenant AND your PM AND help the couple out.Tell your PM to evict them after some set time frame, let's say 2 months and make sure the tenants know this is the requirement.

I'm trying to research the idea for the apartment building I live in.

I like the idea of using single family and small multifamily rentals to level up to apartments.

Never a good idea to rent to anyone, let alone family, that can not afford the rent.

Maybe even along with some kind of satisfaction metric by the owner.Also things like macro trends for rents and appreciation by neighborhood.Maybe even a way for turnkey providers or other real estate professionals to aggregate data on all the deals they've done that could be verified by a 3rd party so you can you really drill in detail into what to expect.Super new to the space so it's possible these are really bad ideas!

No idea of competition as Id be trained as an EXPERT loan signer. 

He said that it was a good idea as any business transaction should be done under an LLC as a homeowners policy likely doesn’t cover contractual liability.What else do I need to go along with the LLC?

My wife and I have done a couple live-in flips and really loved it, but with the arrival of our daughter we decided maybe it wouldn't be a great idea to have an infant in a construction zone.

We look forward to meeting some new people and exchanging ideas!