I understand this is not a requirement, but I have never received a damaged unit from an inherited tenant or any legal issues.

Go as high as you can go legally. 4.

TIAOne can walk away, or file legal actions.

You can buy my book, the book from Brandon in the BP bookstore, or Every Landlord's Legal Guide by NOLO. 

Hey Deirdre,To address your questions:Providing freedom by handling day-to-day operations.Offering peace of mind through proactive maintenance and tenant communication.Reducing risks by staying ahead of legal requirements, tenant screening, and dispute resolution.Enhancing the bottom line by identifying cost-saving opportunities while ensuring tenant satisfaction to reduce turnover.Is the experience still important when the property thrives financially?

Just be sure to be prepared to get legal advice if you run into grey areas that you are not well versed in to avoid legal implications.

I believe the code says "if a veteran holds legal title to a property secured by a VA loan but does not possess equitable title, this situation is considered 'not a disposition."

One common approach is to form a legal entity, such as an LLC, where both of you are equal partners.

Not sure if that is still legal or even translates in today's world of everything online but seemed like a good screening tool to me at the time. 

I would NEVER Ever use OBIE INSURANCE  --Not honest in their dealings and do not expect refunds on cancellations  I am of the opinion that they are legal scammers Just be careful