Usually, the title company will require the LLC documents, but now they will show WY LLC and the WY LLC shows a registered agent for discretion.

Neither the county recorder or the notary reviews documents for validity or enforcement, they said.

Go to Etsy and search for "rental property tracker," and you will find hundreds of nice spreadsheets to track 10-20 rentals, usually for under $10.Software has extremely helpful features like online payments, marketing syndication (click a button, and your property is advertised on multiple sites), electronic document review/signing, maintenance tracking, and owner reports.

However, I would consult with an attorney or try to get a template from someone who has had an attorney reviewed document.

Should I have the current tenants sign some sort of document taking full responsibility for the family that is moving in?

Operating procedures- if not documented and performed, none of the above matter. 

Think of it as the govt forcing the lender to take whiteout and use it on all the property documents, whiting out the sellers name and writing in yours instead.

The reports are fairly extensive with pictures documenting various items. 

Regardless the odds of redemption are so low that it is worth taking the shot, just dot your I's and cross your T's and document everything well with before, during and after pics.Good luck.

My partner and I just started, created the LLC, got all the documents, and have begun introductions with lenders across the market.