There isn't any filing requirement to start you business using this structure unless you are using a fictitious or trade name.

If you own rentals, using a program like TurboTax is, IMHO, being penny wise and pound foolish.

I would be using a VA loan to secure this property with no money down.

I prefer using a loan broker that can offer ALL types of financing, rather than a bank loan officer who may only tell you about what their company has available, and you may not know what's truly available to you.Good luck in your adventure.

If you're main issue is showing the property and marketing to potential tenants, I would suggest using a Realtor (or general real estate agent).

I believe I understand how to create it now using a basic template.

At the current price, rental rate, and using a 50% expense ratio, you come up with a 4.4% cap rate. 

Seller might finance property if they are under 50k using a land contract assuming  property is unencumbered.I'm attempting to get a seller to finance a 40k property right now with 10% down and 5% fixed interest.If you provide them a credit report, W2s, paystubs, etc they might be more willing to carry the note.If the property is on the MLS, most listing agents are not going to recommend this option to the property owner unless there's something wrong with the property or no one else is making offers. 

@Jon Adams  First, I would put a phone number in the ad, using a Google Voice number pointing to voicemail.

The question I have is it a good idea to start using a portfolio lender now to keep all my loans going forward with the same lender?