Makes sure that you collect your closing statement the day before closing, as otherwise closing will be delayed.

Turnkey operators don't work like that and they are more like a broker collecting a fee for their work (regardless of the long-term performance).

That was another part of this "sweet spot" since I am moving away from Alaska for mental health reason and therefore to optimize my remote work environment and I will be 100 miles away from my first FHA, I was able to find a lender that would give me a second FHA.

That way, you could live in one, purchase with little down since you can use a primary residence loan with a low down payment, and collect rental income on the other 3 units.

Yes, you need a CPA/EA to understand your responsibilities as a GP of a syndicate and also the tax optimization strategies that may be available to you, or not available in the case where you are an LP....

Let her know you'll send her to collections if she refuses. 

To avoid opening a bank account and following all the rules that come with collecting and holding a security deposit I figured id just treat last months rent as security deposit.

What’s the legal way to collect payments from roommates that live with me in the same house? 

The LLC collects rent, pays expenses, and distributes funds to the owners based on your partnership agreement.

It's completely legal that's what I do I pay the bills to the utility company and send a copy to the tenants and collect the 60/40 split from them each month