Landlords can legally manage their own property in every state.

My relator said we shouldn't go forward because if the city find out we turned it into a duplex the county can take some type of action on us "not sure what that means" "Also i feel like my relator has a legal obligation to tell me not to go through with this because if he said do it anyway i could possible seek legal action on him (ps I wouldn't)"..

Security deposit amountYou can find plenty of examples by searching for "tenant estoppel certificate doc" or exchanging "doc" with "pdf" for more options.Here is an example and explanation: Sample EstoppelSome have a lot of legal jargon but this document does not need to be so detailed.

You can track individual funds using your spreadsheet or software.An LLC is useful for two things: anonymity and legal protection.

I would think the lease contract is a legal document. 3- Insurance coverage is reimbursed through NNN.

Security deposit amountYou can find plenty of examples by searching for "tenant estoppel certificate doc" or exchanging "doc" with "pdf" for more options.Here is an example and explanation: Sample EstoppelSome have a lot of legal jargon but this document does not need to be so detailed.

I recommend you buy "Every Landlord's Legal Guide" by NOLO.

As a retired CPA, I have seen more than my share of bankrupted RE investors who were over leveraged with many properties.All the more reason to emphasize developing good due diligence practices, having some skin in the game and staying on top of legal requirements, maintenance, finance and tenant screening criteria.

The various "what-if" on neglect, just like with a tenant it's violation of contract terms and you take the applicable legal actions. 

Deposites are legally REFUNDABLE.What happens if your tenant changes their mind the day before MoveIn and leaves you with no time to find a new one?