My concern is addressing the scenario when I need someone to move out or I need to be compensated for property damage, while still maintaining the living agreement format and binding nature of a lease. 

Make sure you have a forwarding address for the tenant so you can mail your determination and refund (if appropriate) within the allotted time period.

There are resources here on BP for how to do that, getting address lists, etc.  

In the meantime, save up cash, address anything in your credit report to maximize your credit rating, and begin networking and researching in the areas you wish to invest in.  

If not then this is the first thing you should address to avoid probate.You can find my last deal in Fullerton on this website as well here: https://www.biggerpockets.com/co/h-and-m-realty-group-joe-homs  (Look at completed deals)Good Investing...     

Give them a space to provide a forwarding address of where to send the payment.

I have the Parcel Number, Owner Name, Site Address, and now far they are on their taxes.  

when you pull the information on the properties look for a tax mailing address that is different from the subject address this will let you know the building is not owner occupied, it will also give you the address that they are receiving the tax bill at in most cases this search will also yield the name of the owner. 

I asked over months to have the organization change my mailing address and whatever they recorded was off. 

So, my girlfriend (no legal ties, other than the same address) has a lot of money in her self directed ira, and i will as well.