After that I started using Quicken Rental Property Manager; that software sucks too.

What are the drawbacks of having tenants pay me via ACH directly from their bank account and not bothering with a third party software like Cozy?  

., I agree that this must be a glitch in the TT software. 

I will definitely reach out to a tax specialist (appreciate it Natalie)  to confirm where I am at with this K-1.

Is anyone able to confirm this?

If you do use a management software, it always confirms the tenant is setup and capable of paying their first rent on-time with no excuses.TL;DR:  Use whatever rent payment system you intend to use. 

The numbers in Zillow and Trulia are usually pretty accurate, but always confirm.

Assuming it's your FIL is listed as the owner, you can pay a title company to do a title search and confirm there are no liens on the property.

All of the items mentioned are cosmetic and would not interfere with the habitability or the property and thus, should not affect your loan, but do confirm with your lender by sending photos of the issues along with the good photos of the home.

I would confirm they are a reputable company that is insured and bonded and that they hold your funds in a Qualified Trust or Qualified Escrow Account.