To answer your question directly: a person should apply (whatever that means in your process) before being asked to screen.

Or can you still run everything through your personal return (just want to make sure that I can deduct things such as HOA fees which I can do if it is a rental).2) If I do decide to run everything thru my personal tax return (save on LLC fees), should I at the least set up a separate bank account to track costs separately?

I've walked their properties in-person, and their build quality is good.

The other is a smaller operation which does a lot of business in the specific neighborhood the house is in.

And even if I do not get into the renting business I can make some profit if I decide to sell the property at some point.

But 2025 offers other opportunities that did not exist 10 or even 5 years ago - think AI and online businesses.

I've got little personal resources backing me up but am ready to dive into REI full go.

There may be a way to reduce property tax reassessment by using LLCs, but it is a complicated plan, takes time to complete, generally needs a business purpose, and is not without risk. 

If you're looking for ways to accelerate, consider these options:Seller Financing – Some sellers may finance a portion of the purchase price, reducing your need for a large down payment.DSCR Loans – These loans focus on property cash flow rather than personal income, often requiring only 15% down.Private Money Lenders – If you can find a PML willing to work with you, you may be able to put less down.Partnerships – If you’re open to splitting profits, you could bring in a partner who funds the down payment.Since you’re okay with the slower path, just keep stacking cash, but these might be worth exploring to move faster!

This is simply my personal choice and I can afford it.