Readers are advised to seek professional advice.

If you are risk averse, real estate, (especially out of state) is not for you.Thanks for the list and advise. 

However, this depends on your lender's specific loan terms, as some treat LLC transfers differently.

Use customized leases with state-specific templates and consult a lawyer for complex issues.

Pro:- it’s trained to look for safety risks, expensive repairs- within minutes analyzes entire disclosure packet of hundreds of pages- works as another set of eyes that looks for things you should be watching out for, likewise of a companion - great to quickly learn of property conditions from the actual documents while on the go (given that you still follow your own due diligence process)- beta is freeCons:- still in beta- can’t share report directly unless copy and paste- only core documents (home inspection, pest, roof, tds, hazard, solar) are supported but not regional specific disclosures like hoa- estimates it provides aren’t accurate- not mobile friendly 

You don't need to include the specific details on where the security deposit is held in the lease.

If you are the lone supplier of a specific housing product and there's pent up demand you will absorb your units quicker and have tenant stay longer given the lack of alternatives.

I should've started with a specific $/month in mind and worked backwards to figure out how many properties it would take to get to that number. 

If money were no object, do you have a specific property (whether it's for sale or not) and address that would be an ideal first investment for you?

Should I just follow the instructions and do it myself, or is it advisable to hire legal help?