Put it on auto-pay.2) LLC isn't always necessary, just make sure you change your homeowner's policy to a landlord policy with enough protection.Regarding interviewing PMC's:In our experience, the #1 mistake owners make when selecting a Property Management Company (PMC) is ASSUMING instead of CONFIRMING.It's often a case of not doing enough research, as they don't know what they don't know!

I will GC the job myself, but need to find qualified plumbers, electrician, mechanical, framing and drywall tradesman.  

Basic stuff but basic stuff that takes up an agents time to get to you such as current rent, market rent, mechanical ages and things like that.Over the last 10 months gone over about 1,100 properties for investors.

(if you set your limits that high the carriers will want to have an understanding as to why especially if you only own 1 rental property)  but your umbrella can also offer extra coverage for your personal home, and autos.  

We got them setup on auto payments from a new account so they could "separate" the money. 

I'm wondering about the mechanics of having your realtor make an offer on a house and ask the seller to carry part of the financing.Let's say you want to buy a $1 million home.

House Payment $ 1,787.00 Charity (I'm not really looking to change this one) $ 550.00 Phone $ 60.00 Utilities (Electric, Water) $ 270.00 Auto - Insurance $ 124.00 Life Insurance $ 75.00 Internet $ 50.00 Subscriptions (Spotify/Netflix/YTTV/Google Storage) $ 35.00 Gym $ 10.00 Groceries $ 550.00 Shopping $ 300.00 Discretionary $ 350.00 Home Services (Maintenance, Home Security, Pest Control, etc.) $ 175.00 Gas $ 175.00 Home Supplies $ 150.00 Fast Food $ 112.00 Restaurants & Bars $ 100.00 Amusement/Entertainment $ 50.00 Car Maintainance/Carwash $ 50.00

Renovated the property with tenant proof materials and fixed all mechanicals prior to accepting a tenant.

Invested about $60,000 into updating the mechanicals and minor interior upgrades.

Use rules of thumbs as sorting mechanisms.