It cannot be covered in a few posts but to help you get started top left is a tab, LEARN check that out, and BUILD YOUR TEAM, just for starters; you must know how to underwrite your properties, and local laws.You are in the right place, check out some podcasts and read some books.

NC general statute states the following:- when this refers to a "trust account," does this indicate an actual trust or a checking/savings account labeled as a trust or escrow account? 

The majority owner should be required to sign reps & warrants at closing to be personally liable for them.You didn't mention checking the plumbing - hidden plumbing leaks can cause more damage over time than just about anything else!

You always want to make sure the guest has actually paid before sending check-in instructions.

Also check out the various meetups on Facebook or meetup.com.

If you check their websites they may give local agents contact info.  

. $40 application fee - runs credit and background checks on tenants.

If I were you, I'd get on Airbnb/Vrbo and check at what similar listings are running each night.

I then paid cash (certified check) for the property at closing.

It's definitely worth checking out!