I already implement this with great jokes I hear. 

I would also look at how increases have been implemented.  

@Jared Smith - @Eric Nguyen, @Forrest Williams, @Trin Nagireddy, and @George Skidis are all correct LLC's are quick and cheap to setup yourself...BUT...mine are partnerships so the attorney was used more for the implementation of the operating agreement, which, again not an attorney, but from my knowledge is an important factor of the asset protection.

The implementation of L/O (like 'wholesaling') varies on a state by state basis.

I would like to potentially implement a website and electronic payment as options.

It seems to me that everyone must understand their own risk tolerance and develop and implement a strategy that supports their position.  

Holly Nole Implement online pm tool and all tenants Maitenence request will go there as well as invoices and all data By the way, what is the ratio for the whole year: all repairs and maintenance / gross rental income

@joefairless @vinhle Great information, I will implement to my strategy.

my realtor and I had brainstormed the I Idea about 6 months ago and started to implement in the spring time.

You are taking a great initial step to educating yourself about real estate and working toward implementing what could be a life-long income strategy.