You just hire independent contractors.

Not much different than hiring a property manager. 

Because of our familiarity with Florida, investing here and initially hiring property management isn't a bad idea either. 

Has anyone on here eve hired an asset or portfolio manager to manage their real estate portfolio to have true passive income.

Another $125 per year to hire a registered agent.

Then you need to figure out what your ideal property looks like (spreads/monthly cash flow etc...) then start moving on those deals.If you do not feel comfortable with a deal either have a more experience investor (that you trust) take a look or better yet I HIGHLY suggest hiring a mentor who can be there for you night and day to keep you on the right path.Trust me...

I'm looking into using RMLO services for an owner financed property that I'm acquiring.I'm curious on how much it would typically cost to hire an RMLO rather than get certified and do it yourself.

NOT MUCH.. but it does keep from having call backs and if there is a water landing they know they have insurance.. at the end of 10 years our builder warranty is up.. and then on top of that I Pay 30k up front for a project policy that covers all the houses in that particular community for 10 years as well.. this is for 1 mil and basically its used to hire attorneys if we get sued for builder defect.so in essence on a new build we are paying on the 25 house communities we built the last two years total of 50 homes.. about 110k in insurance to cover us for 10 years.. the issue is the subs get sued first then the GC then me the developer  but subs being subs 6 years from now they are out of business or moved on so then its the GC's insurance then us.. 

I was wondering, if I hire an employee (General Labor) and he is injured during a work at the residence.

I am looking to possibly hire a management company for my rentals located in the Chicago Heights area.