Here are my main concerns:Cash flow concerns: Based on my current mortgage and projected rent, I'd be looking at negative cash flow unless I refinance in a few years.

Hey Marcus, It’s common for Qualified Intermediary (QI) agreements to have provisions that protect the QI, but some of the terms you’ve outlined do raise concerns.

We are concerned that the smoking/smell will turn off prospects as well as the extra cost of cleaning up areas after smokers move out.The building is in Illinois. 

Im about to close in on my first investment property, a large Single family home . For the landlord insurance, builder finance have given their quote of 1800/yr premium with 2500$ as deductible. I checked with State f...

You can end up in an odd spot where these previously disallowed losses are disallowed nearly permanently until either a) you are no longer a real estate professional and you un-aggregate your rentals or b) every single one of your rental activities is disposed of.I have one client right now with some material passive activity loss carryforwards, that the decision was made to wait to make the REPS related election until they utilize these loss carryforwards, so they don't become trapped. 

Quote from @Drago Stanimirovic: Hi Austin,As a new landlord exploring self-management, your concern about obtaining signed authorizations for verifying applicant information without a physical signature is valid.

No fear here so no need for concern.  

I am concerned that I will lose my money.

This is because mobile homes are generally classified as personal property unless they are permanently affixed to the land.

If the platform feels like you are trying to cut them out of their fee, then you may lose the ability to list temporarily or permanently.