This is primarily handled through the security deposit.

Ironically, when the liability event occurs, those who are actively running their business the correct way are far better prepared to handle the liability event quicker and more cost effectively than the individual who has the complexed  asset protection structure but uses unlicensed workers without insurance, fails sign contracts with indemnification and operates their business negligently.

You'll learn more about the sponsor by learning how they handle an adverse market, and how they survive it, than by comparing projected vs actual without context.

Sometimes not telling us for a day or two after the fact.Just wondering how others handle this in their rentals.

Sellers or JV partners may value a hands-off partner who can handle rehabs.Start with a Strategy: Whether it's BRRRR (Buy, Rehab, Rent, Refinance, Repeat) or simply flipping properties to build capital, define a clear path for your first few deals that aligns with your long-term development goals. 

There's really not a cost-effective solution for utility monitoring for SFR, other than Nest.WhatsApp for business communications is lmited - how do you scale and hire someone to handle, while being able to track what they do?

How do fellow landlords handle this situation?

State's differ quite a bit not just with their laws but with how certain aspects of a sale are customarily handled.

As far as property management goes, I figured it might be best (in my particular situation) to start with a property manager since I will be travelling for work for most of next year and it would be better to have someone local to handle things for me?  

What makes it tough in the beginning is your rental income is not established so you need to be able to handle the debt not using rental income.