I have a no pets policy but I'm sure the day is coming when a tenant will appear with a emotional support pony or some such....We are in NH and I seem to remember that, if a rental is a primary residence, the owner has some additional flexibility in the law.Thanks for your insight.Signed - Landlord newbie

The seller could get additional mtg.s, liens, judgments against the property and not be able to give clear title. 

This person will be critical in helping you find the new listing quickly.Repeat this exercise 10 times or so without making an offer. 

I work a full time job in addition to my property management and I need to tighten up my management.Could anyone suggest some software that could help me do all the things a landlord does (inspections, receipts, finances) but keeping it  in one, tidy place?

This will allow for greater cash flow while only tying up the down payment -- you can use any other money for additional cash flowing properties keeping diversity of occupancy to mitigate risks. 

One of the standard setup is to have each property in its own single member LLC in the state of the property.The property LLCs are then owned by a holding LLC in WY or NV to benefit from their good charging order protection.In addition, you would use a C corp as management corporation to take salary (if needed to show steady income for future loan approval), retierement, medical and other fringe benefit.

Do NOT put additional money into the property, except for maintenance issues.   

My wife and I built up just about $10k in personal emergency savings before buying the property but thats personal so I’d rather have some additional right?

I am planning a kitchen remodel and master bathroom addition in my fixer upper. 

Feel free to DM me if you have additional questions.Good luck!