Sharestates demanded an upfront $495 deposit per property, about $3,000 before even approving the loan.

Primarily I’m looking for any tips, references, recommendations on legal and accounting, management software, LLC setup for each property (legalzoom?)

@Mike SpringerWe use a company called Universal Credit, but they do require approval (and I believe a yearly inspection).The note seller may also be able to provide a credit report.

An LLC is a legal entity that is not recognized at the federal level by the IRS. 

For example: If the contractor puts cabinets in, in the finish selected by the owner/investor and then the investor turns around after seeing the final product and says the finish isn't what they want now, well tough luck buddy, you chose it, you approved it, you own it.

2) How do I know there are no concerns with title or other legal issues...?

It's something that's been ingrained in any Agent / Property Manager as long as I've been involved, so I had to research to find it:https://tinyurl.com/yaghesj3 If you don’t have a legal justification to break your lease, the good news is that you may still be off the hook for paying all the rent due for the remaining lease term.

It sounds like 600 sq ft is not feasible and while 800 might be tight, my architect said it's possible with variance approval.

Do you guys do this online through websites like legal zoom or have your accountant/lawyer do it for you?

Is there any way to do this legally?