This is why loans/credit in business is referred to as "leverage" it allows you to accomplish MORE with less. 2.

Also, you may want to consider using a note servicer (in my area many title companies offer this service). 

The tenant was placed by the property management company I was using at the time, and they either didn't collect information for additional contacts, or didn't pass it along. 

Notify your mortgage lender and insurance company of the transfer of ownership to update financing and insurance coverage.

If you get all your capital back in 2024 you're dangerously over leveraged. 

Smith, Grantor, hereby sales and warrants unto Tom, LLC, a Limited Liability Company created and existing under and by virtue of the laws of Washington, whose principal place of business is 123 Smith Street, and Mike LLC a Limited liability Company created and existing under and by virtue of the laws of the State of Washington, whose principal address is 456 Jones Street, Seattle Washington 12345, Grabtees, as Tenants in Common.

I could probably rent it for $750-$1000 per month over what the standard monthly costs are right now (not including vacancy, maintenance, management company, etc).

Buying with "none of my own money" is what we call being over-leveraged, and deal structures like this is what leads to a huge wave of foreclosures in a downturn.

Shall I open a company and do it through said company?

I know there are ways to get your credit back on track more quickly.Maybe start a thread on here asking which credit repair companies can help you out?