@Steve Smith  You are wise to ask this question now because if you allow tenants to deposit rent directly into your bank account, and you ever had to serve them with a 3-Day Pay or Quit Notice, you would need to know how to respond if they subsequently deposited partial rent. 

In the case of smoke detectors, it may be worth following up with another inspection, and subsequently eviction for noncompliance with lease terms. 

Subsequent scoping of the main line (and multitudinous other testing) revealed 17 feet of standing water in the main sewer line underneath my property extending under the adjoining property.   

3) Any subsequent real asset purchases (home #2, home #3, Home #4) all come with the benefit of being purchased with those tax free dollars (from sale or dividends [rents]).

Since my agent also was dual role as my psieudo property manager, she picked up all those leads and got tons of transactions, and the subsequent transactionsBut, if you have no interest in being a salesperson, might not be worth it for you.

We flipped them ALL as lease-to-owns & they were subsequently rehabbed & rented by those who took them over.

Using the LLC-to-personal loan strategy establishes a mortgage on the property from your LLC to you personally and essentially just makes any subsequent refinance a traditional refinance where the seasoning period is not a concern.

First 2 with my bank had to wait 12 months, then magically that requirement was dropped on subsequent mortgages. 

I’m caught between two minds now, I will like to stick to my original goal but I feel I could do better with my subsequent rental property in terms of home specification (Br, baths etc) and location.

There have been several houses I've chosen not to pursue due to high voltage wires in the vicinity, and subsequent strong EMFs.