In the short term it can be overwhelming, you lose sleep, you worry about other hidden issues popping up, you second guess your decision to buy the property (buyer's remorse).So, what happen to the two property I listed above?

Do market research, use real estate tools, account for hidden costs, and build a good team to meet your goal.

Quote from @Balaji Varadharajan: I provide move-out instructions that spell out my expectations, including a small table of wear-and-tear items.

I feel I need to protect myself and get the property to be owned by an LLC...But I need STEP BY STEP instructions including how to start the LLC. 

As landlords, this could also be a threat since tenants could have a wall of debt hidden from any financial screening we do during the application process. 

Evidence may include:two months consecutive bank statements or electronic transfers of rental payments for existing lease agreements, orcopies of the security deposit and first month's rent check with proof of deposit for newly executed agreements.See Treatment of the Income (or Loss) below for further instructions.

Direct Communication: Communicating directly with subcontractors can lead to clearer instructions and better outcomes, reducing the risk of misunderstandings or miscommunications that can occur when messages are passed through a GC.6.

I absolutely do not like the fact that VRBO keeps information on its users hidden. 

Memphis holds a lot of hidden GREAT opportunities.

To find hidden gem neighborhoods, research market reports, neighborhood data, and connect with real estate agents.