I'm certainly already learning a lot, and I look forward to utilizing it as a tool in my business.  

I'm starting out with a few grand, some tools, a truck, and the freedom to get after it full time.  

There is no guarantee that the next tenants will be better or get along better.Examples:Operation, Maintenance, Storage, Alterations to Premises: On a continuing basis, tenant agrees to: Keep premises in a clean, neat, and sanitary condition; no parking, storage, or accumulation of debris on lawn or yard.Not store non-operating vehicles, nor boats, RV’s, motor cycles, trailers, firearms, equipment, tools, hazardous materials, liquids, paints, fuels/oils or chemicals on premises without landlord/agent approval; no waterbeds

Essentially, at the beginning of your investing career, your exposure is relatively low and therefore the benefits of putting properties in your own name will likely outweigh the liability protection the LLCs give you.As always though, it's best to consult with an attorney and CPA who can advise on your specific situation.

Education is essential in any business.

If you take a line of credit secured against another asset then you're essentially buying for cash.  

Essentially we're saying the same things.  2.  

If they purchase the house and you renovate it, you're essentially playing the role of GC -- this reduces your risk and your payday. 

I have been perusing the BP forums and blogs for some time and will definitely continue to look here for tools, tips, and tricks. 

Con: They reduce my monthly cash flow (6 - 10%)Manage it myself:Pro: My cash flow is increased (at expense of time)Pro: Online tools make it easier for me to remotely manageCon: Time-consuming, especially during the leasing processHow to find a good property manager / leasing agentI go online and get reviews and quotes (Yelp, Thumbtack)I ask for 3 referrals or reach out to those people (note: I also ask tenants, since I want to make sure my tenants are happy and treated well)I ask what online tools and processes they use (for example, if they don't have an option to collect rent online ... then they seem pretty inefficient to me) I ask about transparency -- will they provide me with the background check, lease agreements, etc.?