I have considered creating my own Property Management LLC to do the work above and hiring my dad as an employee, however, I was told this would provide no benefit in terms of liability and it would just add costs and more taxes.I would appreciate your feedback.

Absolutely I agree with you, Thats why the example is used was in terms of listing amount were the same while on Zillow said sold it said pending on Batchleads, Terrible latencies with both. 

Together, we negotiated favorable terms with the seller, ensuring we acquired the property at an excellent price.

It seems to be a rock solid single-family long-term rental area to me.

However, I later found out that he lives internationally.His first draft was missing many important terms, such as those regarding lead-based paint, Megan's Law, etc.I questioned his qualifications for this job, and he assured me of his capabilities.I'm attaching his final version here. lease agreementI removed personal information in the contract. 

Many people in this market are moving to mid-term rentals to get around the ordinance. 

Me and my spouse wanted to briefly introduce ourselves, our company, and share our ambitions with the BP community with hopes of learning more about how to achieve our short term and long term goals as well as build lasting connections that help and assist others in achieving theirs! 

Together, we negotiated favorable terms with the seller, ensuring a swift and beneficial transaction.

You can do a longer term rental, it just doesn't make financial sense if you need to front a lot of money to get it completed first.

If it's to hold long term and pay down the mortgage, the appreciation and mortgage pay down is great.