It seems a bit counter-productive and confusing (albeit human nature) to start with a statement of available resources then run hypothetical scenarios of what can be done with those resources.  

As others have said, good marketing exposure (Zillow, FB marketplace), a sign in the yard, a good product (meaning the interior and exterior of the house) and a good, competitive price should lead to finding a renter quickly.

If you do want to do security deposits banks like Citbank has a product that you can have it automatically setup for you.  

When you are more sophisticated, then look into an LLC, but not when you are first starting out.

Then that knowledge skipped a generation...My plan is to read every book & listen to everyone with knowledge for a couple more months. 2020 will be an extremely busy year & hopefully just as productive!

They are a software company that compares IBC to other financial investment products like 401ks, stock market and term life insurance.

I know my market and the product I am selling.

ARM mortgages are principal and interest regardless of whether you are in the first (fixed) portion or later (adjustable) - ARM is not a IO product.

Sophisticated investors invest on cashflow where the rents exceed the mortgage plus expenses (and enough money to pay for professional property manage to do our dirty work).Sophisticated investors look at the Rent-to-Value Ratio and look for at least 1% or more to be able to cashflow after expenses.

A lot of forum members are very knowledgeable in their respective fields related to real estate investing, whether that is real estate sales, wholesaling, flipping, rentals, lending, self-directed IRA and Solo 401k investing, or tax and legal guidance.Discounts on some products and services are offered to BP members: https://www.biggerpockets.com/perks/proIf you haven’t been to it already, you might want to check out the BP blog: https://www.biggerpockets.com/renewsblog/The site has quite a few tools that can be helpful for new members.