For local specifics, I would recommend starting with the Arizona Landlord Tenant Act.

I purchased a home in my primary name as a house hack 2 1/2 years ago and now am moving into another property and using this home as a rental. I would like to quit claim deed this property into a recently formed LLC f...

@Larry Cersosimo,It is not possible to use your 401k as collateral for the loan, IRS specifically prohibits this. 

Have you looking into the Navarre Beach or Panama City Beach Market: 1 Location: Located on the Gulf of Mexico, offering beautiful beaches and crystal clear water. 2 Lifestyle: Navarre Beach is known for its laid-back, beachy lifestyle, making it a popular destination for vacationers and retirees. 3 Investment potential: Property in Navarre Beach can be a good investment since there is tons of new construction occuring on the beach and inland. 4 Community: Navarre Beach has a strong sense of community, school systems with many local events and activities throughout the year. 5 Natural beauty: Navarre Beach offers a variety of natural beauty, from the beaches to the state parks and nature preserves. 6 Quieter: Navarre beach is a quieter alternative to the busier beaches of Pensacola and Destin, but still close enough to enjoy the activities and amenities of those areas. 7 Military friendly: Navarre beach is home to Hurlburt Field Air Force Base, making it a popular destination for military families and veterans. 8 Affordable: Navarre beach offer a more affordable option compared to other coastal towns in Florida, making it accessible for first time buyers or retirees.Rentals, appreciation and gentrification is happening in these areas with new price point emerging due to infrastructure being built out. 

Some lenders might require a specific residency.

You can also download a lease specific to your state through Zillow.

Just to be clearer, I don't mean the method that tenants set up the autopay or Zelle in his bank account, but some method, app or digital platform, that debits the payment from tenant’s bank account at some specific date of each month, and It sends it to my bank account.

Of course what he’s doing is creating a book of private “listings”, tying them up at a specific price for 90 days, and only closing if he can flip the contract for a higher price to an end buyer.

Figure out your investment style first and then you can ask more specific questions on different ways to achieve that goal.

For recommendations on mortgage brokers or banks, feel free to send me a private message with any specific questions you have.