Many people utilize LLCs for many different ventures because they do not want to go through the hassle of opening another LLC.

Once you narrow it down, start with small jobs to test their reliability and quality before giving them bigger projects.Building a solid network takes time, but having dependable people on call is a lifesaver for your rentals.

I am seeing more bureaucracy like inspections and fees, which I can understand because some people let their places become true hazards.I do agree what @John Underwood said and would consider lawyering up. 

Hi Ricky,I always recommend that people create their own model.

You have a great group of people to help you and build a successful portfolio. 

I would suggest focusing on solving people's problems more than trying to sell them.

A4: If you pay as “friends and family” – then yes, need 1099s.Q5: I only need to send 1099s to people, not to LLCs, right?

@Luisa MorejonA metric that most people don't factor in is headache factor. 

Nowadays, people can make paycheck stubs/W2's that look convincing so just make sure you invest in software that gathers verified information on applicants.  

And, I think its fair to say that we all may forget what people say or the information they provide, but we all never forget how someone treated us and made us feel!