I’ve been watching the podcast and reading blogs for quite some time now and I realize I need to get out of analysis paralysis and take action.

Identify actions (if any) I should be taking on this current property between now, the inspection and closing to minimize my risk exposureThanks in advance!

It's not easy to move from watching to action so I applaud you there.

I wonder if it ties into Chris’ points above from what he learned from his attorney.The simplest explanation I can provide is this: Both Dodd Frank Act, and the regulations issued by the CFPB put very specific restrictions on financing of consumer residential properties.  

They are time consuming, however.

For all applications I receive but deny the tenant, I need to send them an adverse action letter via mail detailing why they weren't selected?

Both are great ways to learn while taking real action.

For more details, this will all be done under my LLC and without getting into the weeds of why I chose to go the LLC route, it is my understanding most mobile payment systems do not allow consumer to business transfers. 

Being consistent, taking action and working through difficulties is hard though.

There is always more you can learn it seems but they great thing is you took action and have a proof of concept for yourself!