My realtor tells me that efforts on my behalf consume approx. 8 hours of his work week and he and I estimate that I will buy 1 property every 6 weeks through him in 2015.  

Big box/ consumer grade dehumidifiers are not going to dry that kind of damage very well.

Arizona has a Tenant handbook as well if you Google it. 

I just get names that's it and Searching to find correct contact info seems time consuming. 

Yes, very time consuming and sometimes stressful but I love it.

@Troy ThompsonHave a look at the VA lending handbook under the "joint loan" section.

You aren't just dealing with RE laws, you also have consumer laws, finance and banking laws and beware, bank fraud doesn't require a bank to lose money!

Website based services love "newbie" gullible consumers who need web services. 

In addition to the loss of rent due to vacancy, I also have turnover costs for lead paint certification (~$260), cost of marketing materials, time & money spent to clean, paint, repair and prep the unit for new tenancy, showing the unit, holding open houses, making up new tenant handbooks, printing out new appliance manuals that got ruined or lost, etc.

Roy, the non-consumer loan, or commercial nature MAY be seen differently, but the other issues, deeds executed, circumventing foreclosure, insurance loss complications are not eliminated by the nature of the type of lending.