., some of which you mention, so it seems you must be aware of them.As an investor, your goal is typically  to maximize your return and minimize your risk.  

What scared in the article is the mentions of personal financial risks, LLCs not really protecting your personal assets, the amount of investors filing bankruptcy , social threats, scams, etc.Is this article over blowing these facts, trying to sell REIT ?

The local insight you mentioned can be a real advantage.

Not to mention he is very handy so will likely handle most small repairs himself.

I should also mention that this property is a microloft (<300 sq ft) so fits just a single individual.

Only one bank account needed, but you'd have to track income & expenses to do transfer and year-end accounting.As @Nathan Gesner mentioned, not really worth it.You two could also open a joint bank account for collecting rent and pay expenses, just be sure to track everything.Do NOT do what @Paul De Luca stated about transferring title!

Hey @Lue YangOne thing I did not see mentioned is AVOID FHA!  

Each day like I mentioned is $5.  

Jason they have been mentioned here in this forumhttps://kkoslawyers.com/services/#business-entity-section

The group Giovanny mentioned is still active, but I don't know that there is a meet up scheduled.