I don't feel comfortable allowing the tenant to do this, so I figured I would ask what the standard pratice is.

At least until the LLC owns enough assets that the bank feels comfortable that it can get it's money back just by going after the LLC should it need to foreclose on a property.

You are the only one who can decide what you are comfortable with.If your comfort level is a paid-off house and a couple of rentals, then that's what you do.

The sooner you can replace your W2 income, the sooner you'll be comfortable that you made a good decision.

Read and post on here to get comfortable in what you really want to do.

The washer is currently in the kitchen where a cabinet/dishwasher could go and the dryer is like 10 feet away against the dining room wall.

Nothing wrong with that if you're confident you can do as good a job...Just the flip side of the coin, I have an MBA and have always been comfortable doing my own taxes.

Sure I carry there, I carry most anywhere and I am quite comfortable in my neighborhoods.My point is rental real estate is ALL about risk and return...find your niche and you will make your fortune.

After you get comfortable with the info gathering, you can vet the data to meet your criteria and prioritize files as to your opinion regarding opportunities.

I would pass based on c neighbor, and low comps unless you know and feel comfortable in the area.