If the tenant has a cooking accident and ruins the hardwood floors, countertops and glass cook top, who will pay?  

Hasn't happened since before the dawn of civilization, and probably won't - until it does.Haven't had major car accident since 1983.

@Robert Herrera Ok got it, so I understand why separate LLC for rentals but flips is it so if there is an accident and someone gets hurt like a worker during the renovation they can go after the LLC not our personal assets?

Your bank may provide an auto draft payment to your account.

I believe it was an accident, though! 

You can send and receive reminders to tenants about payments in advance, late payments, partial payments, you get email confirmation when a payment is made, you can set up auto-debit, send Thank You notes, etc.It's not free.

Everything else has an auto-pay feature.

It's electronic if that's how I want it; for example, when one tenant has the same amount of rent as another and I don't know who paid on time or who didn't, one (or both) have to pay electronically by auto-debit through erentpayment.com.

I have few follow up questions –On insurance – I will confirm that they have insurance in case they screw something up accidently on the site then the damages are covered.

Can't tell if people are living there, as there seems to be a auto body shop operating out of the garage.