I would think an appraisal would suffice. 

areas do require that you keep the security deposits in a separate account - you can usually just add an additional savings account at your regular bank at no extra fee, that would suffice.

So one quick coat will almost always suffice.

would a online one suffice?

If they are repeat offenders a couple days late, late fees suffice for me. 15 days late twice, move out. 

Mutual promises suffice for consideration.Does a seller typically require earnest money to take the property off the market?

That with a good umbrella insurance policy should suffice.

That doesn't mean that there is some kind of magic loophole and that the child will suddenly never have to effectively pay rent again simply because "he has a lease".Obviously consult your own professionals, but if the "lease" is broken at the time of foreclosure, then these people have periodic tenancy and a simple 30 day notice to vacate would suffice. 

Talk to your lawyer about how to set up your LLC and ask whether or not it will be worth it to protect your assets, or if something like a robust umbrella insurance policy will suffice. 2) Potential tax benefits.

Obtaining a loan through an LLC can be difficult though, so you may want to look into that before going too far down this path.There are several considerations that can go into the analysis of whether you need an LLC or whether a large insurance policy will suffice.