Now you learn from the  experience and you improve the procedure.

They are offering quit claim deeds and they can't produce any paperwork to back up the procedure.

There's also the tangible property regulations and dozens of revenue procedures and private letter rulings addressing depreciation. 

The signage also provides a phone number for neighbors to inform on bad behavior or other issues that might arise, providing you an additional pair of eyes.Develop excellent and consistent systems/procedures for handling the routine stuff.

What's the procedures like to obtain a leasing license?  

I would assume as long as I follow AZ procedures I could carry all of this out on my own?

@Carrie Giordano I obtained my license primarily for the knowledge and to understand the process/procedures of an agent.

Systems, preventive maintenance, ops procedures documented, automated collection and billing systems, etc. 

Follow procedures and wire the funds from the LLC account.

Of course you should consult with the procedure in your state, but that is what we do.