LLC offers better legal protection.3) Setting up in states that allow your identity to be hid is also overblown.

All the cheap properties are MAJOR fixer-uppers with no Rent Zestimates - probably because there are not enough rental data points.This one is priced at $135k with only $1,152 Rent Zestimate.

I would suggest you up your rate from 8% to 10% to help off-set some of that cost. 10% is doable all day long here in Texas.

My assumption is that the majority of those were subsequently insured with Cal 'Safe' but I have no data to confirm that.

@Steve CastagnettaBe honest have not really found a very good one - and I always question data - why?

To get those hours, maybe turn one or two into medium term rentals (you want the average stays to be over 7 days so they don't fall into STR status) which would give her more to do, particularly in the first year of furnishing them and getting everything set up.Alternatively, she maybe she could manage the properties but also get her RE license and try to sell a house or two a year - go to lots of open houses or run them for other agents?

Set it up once, and let it do it's thing in real time. 

Setting up the listing really wasn't that difficult.

We verify project feasibility and construction scope; and use 3rd party valuations and internal data to verify the as-is and subject to value.

If you have more than one LLC, each LLC should have its own set of accounts.Checking: Collect all income here, then use it to pay bills, the mortgage, or maintenance.