There are several recurring REIA (real estate investor association) meetings in our region (SE Michigan).

We not only lost our hard-earned money but on top of everything, our health suffered, I had several sleepless nights due to the stress and anxiety that this horrible experience created for my wife and me.After the buy-back was completed, I approached Maverick to at least help us with our losses by requesting us to give back ~$6000.

They are probably asking for this info because the tenant is trying to set up recurring ACH payments.

Put Acorns on a recurring investment withdrawal of $10/week, say on Monday, and then manually invest another $1 the second week, $2 the third and so on raising it $1/week.  

Costs (tax fees, setup fees, recurring fees etc)3.

That was a recurring theme in the threads I browsed and in fact, it's led me to deny the first two applications on my property despite my eagerness to begin renting.  

I'm not as well-versed in seconds, so I'll leave the pros and cons discussion for others who are.As far as educational info,  check out "Performance Anxiety" by Gordon Moss.

The key is to create recurring cash flow to get you some freedom.  

Tenant screening, tenant screening, tenant screeningGood location, then there will always be demandMaintain property well (poorly maintained property attract poor tenants)Get a an organized process for the recurring tasks:MarketingRental applications (recommend doing them online)Tenant screeningShowingsLease creationCondition reportsRent collectionMaintenance / repairsInspectionsNoticesTenant communicationDon't let maintenance issues linger and become worse(Recommend against having tenants doing maintenance or painting).Be reasonable with tenants, but don't be a push-overEnforce your rental agreement (if you don't like what's in it, change it).

You want to look into the terms of the mortgage to see if it is transferable or under what conditions you could transfer it if at all.Cost of LLC formation and yearly LLC maintenance fees vary by state:There often can be a material difference between setting up an LLC in Massachusetts ($500) or California ($800) and say Kentucky ($40) in terms of both initial setup fees and recurring yearly maintenance fees.