This is why househacking is so powerful when youre getting started - for primary residence loans, 3-5% down is very normal.

Depending on your states statutes and because they are on a month to month, give the proper notification that xxxx change will take affect starting 30,60,90 days from now. 

Under "Start a Business", choose "Limited Liability Company" and follow the directions.

It seems now we have a bull market and if it starts going the other way I would like my rental to at least continue to produce monthly cashflow...that's where I'm at now...still researching and seeing my options... $46,800/year in cash flow with $500k is a nice yield at 9.36% ($46,800/$500,000).

You should consult with local property managers and find what the average DOM would be to lease your home and rental rates etc. this would be a good starting point. 

I’m just trying to figure out where to start in terms of figuring out what makes sense.

We asked to escalate but haven't heard back yet.

Start with the end in mind --- what would be the investor's exit strategy for this home? 

Start by attending real estate meetups, BiggerPockets forums, and local investor groups to connect with potential partners.

@Krista Lance, I would say with 7 properties that its a good time to start thinking about bookkeeping software.