Sign documents electronically.

So make sure if you also want to collect last month's rent up front to not get burned, document that!

With this set up, the turn-key provider can walk with you through this process and help advise you on decisions, which can be extremely beneficial being your first investment property or your 100th property.

You would be looking at the bottom section step 2b: https://content.enactmi.com/documents/calculators/Form1038.C...You dont add the total new debt, and total new gross income(understood its after 75%, I was presenting my numbers after accounting for that)??...

Generally that means a separate bank account (no co-mingling of funds) and you are following the operating agreement, which could mean a meeting with annual minutes or showing that a vote was documented on decisions that require a vote as @Justin Polston noted.IMO LLCs are completely over-sold for single family.  

This is my understanding so far: I’ll need an internal document agreeing to the formation of the series (anyone have an example of the wording to use?)

What documents do they require, what credit scores do they allow, how do they verify previous rental history, etc.?

Rates could be so high on theHELOC that its not beneficial.

Would have to review documents about "waste" question.

Send a document once and ensure it includes a deadline for their response and a consequence for failing to respond.