A holder of a note with mortgage/DOT is a lender and controls the property through the security instrument with the borrower carrying the burden of ownership liabilities. 

I particularly like your laying out of the tasks of the day and having a discussion in the morning with your helpers...Concerning liability, probably worth a discussion with your insurance provider and/or an attorney to ensure you're covered adequately.

BEST way to figure out who to contract with and wash our hands of things is to shift the liability to title company or attorney

If there is a liability, then you can easily extinguish it.

Buy lots of insurance ($1,000,000 general liability).

@Eric Hrlbock  The question of liability is something I thought about before I decided to take on 1400 people in a group flip! 

This money is not needed anywhere else and is just sitting in a bank collecting bank interestConsidering your main focus is your primary business, you feel like you will have time for at most 2 - 4 smaller properties in the 1st couple years while you gain experienceFor the sake of this argument, any extra income won’t effect your tax bracketWe are also disregarding the added liability of having 100% equity in a property, although as you will see, it really shouldn’t matter much in this scenarioYou have found and are ready to buy your 1st propertyOh, and here’s the twist…Four unit properties in your area have a purchase price of $1000.00 - $3000.00.

It is opening you up to some liability.

Here's a list of expenses:Accounting Advertising Insurance (fire and liability) Janitorial Service Lawn/Snow Legal Licenses Miscellaneous Property Management Repairs and Maintenance Resident Superintendent Supplies Trash Removal- Taxes - Real Estate Personal Property Payroll Other - Utilities - Electricity Fuel Oil Gas Sewer and Water TelephoneThanks in advance!

Don’t put the house the same name as your business for liability reason unless you want to make it part of your business portfolio