No professional is 'necessarily required' but it is normally a tradeoff between time saving, assurance that things are done correctly for a cost.For me, i can paint one of my rentals, but i decide my time is better spent elsewhere.Best of luck.

I understand that hosting in itself requires the risk of damages, would just like to know what added protection channels you guys are using.

Understanding underwriting deals required continuous learning and adaptation to market conditions.

DC will require you to have 2 egresses, so you will need another door, or larger windows (with no bars). 

Will we be required to pay capital gains? 

Make sure that paying on time is a requirement in your lease agreement!

If you're attorney is smart and honest with you. ( that's funny).A couple letters showing scare them out.I  have other ways but won't say because everyone will get mad but tenant will leave quickly. ( stop paying water bill).

Usually it requires 24 hours notice.

With an S-corp you are required by the IRS to put yourself on payroll, pay reasonable compensation wage, and provide yourself a W-2 along with all other necessary payroll filings. 

Also if it is a drainage access that is likely different and the town may have requirements.