Some of the things I am concerned about are the carpets (older, cheap carpet to begin with), windows (do not open and close well), painting (do all the walls need to be painted white?

So far, so good as far as I'm concerned.

It is EXTREMELY competitive and the margins are very thin, so the more expense you can mitigate the better.

I think an LLC for each property is over kill but it may make sense if each of your properties has a lot of equity in them.It is best to bring your litigation concerns to an attorney and insurance agent to see if they would be able to solve them with either an entity or added insurance coverage.

Yes @Tj Hines I'm extremely clear on the need to have an additional role which is why I included "I understand my role should include more than raising the initial equity investment and continue throughout the holding period and disposition" before asking my questions.

I like the idea of tracking every seller interaction in one place, but now I’m concerned we might end up with way too many properties in our CRM over time.For those of you who use platforms like PropStream or ListSource, are you calling and mailing directly off those lists without uploading them to your CRM?

I am surprised how concerned people are getting over mostly driving violations. 

I definitely hear your concerns, Mitch, and I have the same concerns, as well, but that's why I am asking for some advice!

You should also ask if they do cost segregation analyses, as that might be extremely helpful in reducing your income tax liability.You could pay a CPA to prepare your tax return for this first year and learn as much as possible from them.

This would allow me to raise the rent for the main house a bit over market but I'm concerned usage could get out of control and making my cashflow take an unpredictable hit.Does anyone see other options here that may work better than the two above?