It all depends on your situation and what state you're investing in.Everyone and their brother will tell you to create a Nevada or Delaware LLC - no matter what your situation is you (most likely) do not want to go this route.Other than that most things you'll encounter are the same. 

I've encountered many owners unhappy that a property manager signed a 10 year lease but this paragraph authorizes them.

Typically, those who opt for TurboTax tend to inundate these professionals with a barrage of nuanced questions, expecting to glean free expertise and believing they can handle their taxes independently.The reality is that 99% of these individuals attempt a DIY approach and inevitably encounter problems, eventually come back for their assistance, often years later.

Using Philadelphia as an example, in other areas, especially the more suburban neighborhoods, you could run into ERSA, steep slope, and more common to encounter interpretation issues on the part of the plans examiner.

Not owning your rentals through an LLC exposes you to more risk, even if you have an insurance policy on rentals.However, as a new investor, you may encounter some challenges and opportunities leveraging the LLC.

Most borrowers typically migrate from traditional to DSCR financing once encountering roadblocks with DTI and concentration limits with conventional financing.

I've encountered before the caution flag you are both throwing up.

I'm wondering how you would handle the property showing, the lease, and other things daily encounters?

I've yet to encounter a prospective MTR tenant travelling as part of a group.

Take a deep breathe, dedicate some time to come up with a plan that has reasonable solutions to the problems encountered (bad smell, necessary rehabs, new tenant) and execute.