You can easily do this on a spreadsheet, and it will take less time to track than finding and learning new software.

As a passive investor you have ZERO control over your money - and unlike shares of a REIT you can not easily liquidate - at least not at anywhere near market value.  

When we make little slip ups, as we might easily do, a lawyer might use those to “pierce the corporate veil” and go after us personally anyway.  

You can easily do this on a spreadsheet, and it will take less time to track than finding and learning new software.

We see so many different entity structures for rental portfolios in our REI Bookkeeping Firm.Ensure it's simple enough for you to easily abide by the structure in your day-to-day operations (which your question is getting at).We've had bookkeeping clients with complicated structures that apparently protected them to the maximum degree but they didn't abide by the structure when conducting transactions in their business daily (lots of unintentional commingling).

Replacing a sewer lateral is easily a $7500 repair; it's probably closer to $10k, and personally I would have prioritized it over t+p. 

Easily doable.

I have been married to my husband for 10 years we have 2 girls together and he has 2 adult girls and i have 2 teens all girls .but my husband got that title when he was 20 now he is 44 but i can tell you from my experience its been rough over the years cause people love to judge but forget how easily something like that could happen to themselves or there own kids .i am currently looking to find a place for my family cause the lady i rented from for 10 years decided to sell.

Do your research on the forums for general tips on hiring a PM, what to look for, what to look out for, good stories, bad stories, learn from others about their experiences with all kinds of PMs all over the place and take what you learn when you're speaking to PMs in your area so you can more easily see red flags, or green flags!

The right person can easily make over $100k in real estate sales.