if you're looking at 1-4 unit properties, don't kill yourself trying to create an LLC just yet. find your lender first then see if they'll require you to close in an LLC or not. single-member LLCs do not provide as much legal protection as we would like to think, so if that's your reasoning for wanting to create one right off the bat, that's just something to consider. as far as a business license, AFTER you close on the property, call the town hall and ask if they want you to have one there bc you're collecting rent there. if you're using a PM company, they will probably say no. :)

Have you reached out to friends, local groups, businesses, schools, hospitals, etc. telling them about your rental and the special promotion you are offering to their members?

You pay a flat rate (but there are often add-ons), you create the listing/wording and take great pictures, you send it to the company, they put it on MLS. 

@Shivani KumarLet’s say they have to get a pest control company to do something and it’s a third party company - they will charge 5% which is very common as they have management to bill and coordinate that activityMany places I see this 10-15%I would make sure to check indemnifications clause with an attorney

Chester county, PAMy title company says they don't work with foreclosure properties.

Each city has is own ordinances from code and violations enforcement to yes Airbnb (short-term rental or not).Then you need the best management company is the blood of you business.

A lot of manpower is lost.As we approach our busy section 8 season (for us April - July) I am looking for better ways (more affordable and efficient options to the investors bottom line) to plan for and execute the workload which may include hiring someone that has section 8 experience to handle our CHA inspections(and associated maintenance work) or a company that we can outsource when the weeks get slammed with inspections. 

If you hire a REALTOR®, the responsibility is theirs including the marketing and promotion finances.

Your Title Companies or Realtor should know of them. 

They are hard to find though.Our institutions that are similar to hard money lenders are MICs (Mortgage Investment Companies).Since financing is already hard for homeowners due to the qualfying rules, the MICs also do a lot of private first and second mortgages to homeowners.