It’s not a big deal just additional costs and paperwork to make sure everything is done legally and everyone is protected and have received and signed proper disclosure documents.

I'm intending to use insurance (homeowners, landlord, umbrella) as my risk mitigation for the time being so, while I know there are a lot out there who are going to recommend an LLC for legal protections (and I will hear them out), I'm mostly interested in what will be the best way to begin marketing under a business name. 

No one is going to wipe your butt or protect you. 

Hi @Terry Harris after inspection depending on what come up I first touch base with my attorney to discuss best approach, he will make sure I am protected during the attorney review phase for items that come up during inspection. 

They use google voice, the use fake or texting apps to shield their phone numbers etc.My question is has anyone else come across this and have you put any safe guards in place to protect property or potential resident from the scam?

@Charlene Stovin, BiggerPockets has worked with attorneys in each state to craft comprehensive documents that conform to each state's laws.If you're scared to death and have anxiety, you need a SOLID lease to protect your assets, not something you downloaded from the internet.

Perhaps there will be another wave of the virus in the fall, but if you've got adequate protections and a backup plan in place, like that 12-month lease Roni mentioned, and you get some tenants in place between now and the next semester, barring any other issues that might arise in the normal course of business, you'll ride this wave with the rest of the student rental community and along with all other investors in your region.

The answers to all of these questions have a lot of ramifications for asset protection and tax optimization.This step is the most important one and need a lot of understanding of asset protection and taxes.

You can make your inspection contingency languate much more palatable however, by phrasing it like this:Version 1 for new investors - Buyer agrees to limit their inspection repair requests to major electrical, plumbing, foundation, structural, and environmental issues.Version 2 for savvy investors - Buyer agrees to limit their inspection repair requests to catastrophic electrical, plumbing, foundation, structural, and environmental issues.Both versions give you leeway to define what is "major" or "catastrophic" so you always have an out, but it also shows the seller that you aren't going to tic-tack them with cosmetic repair requests.No realtor should EVER suggest you waive inspection, even if it were a good idea.

You currently have good title, so pass good title via a warrentee (or as the attorney may correct via a limited warrantee) deed.Please research how you must work within, treat your LLC in order to protect your corporate veil.