1. probably the easiest and least complex options - also should not be really any more cost than opening a single member entity tbh...ensure that dissolution clauses are properly drafted for you both being on title2. for one rental property, this is overkill (although there are many people that will say you need to do this...the maintenance and cost of a trust for one rental property is likely not profitable) 3. personal name with good insurance policy if you're worried about liabilityHappy to go over ideas.

I personally love investing in NJ because 1) google says not to, and 2) I know the answers to my questions I just asked.To each their own and I wish you a ton of success!

You can make this election at the same time you file your taxes by filing Form 1120S, attaching Form 2533 and submitting along with your personal tax return

Your cleaning person should also let you know if you are short or need supplies (i.e. toilet paper, soap,etc) or if anything is broken or missing.I would create a checklist for the cleaning person of what they need  to clean every day, what needs cleaning once a week, and what needs cleaning once a month. 

I appreciate the varying advice people have given me already as it showcases their personalities, risk tolerance, and values.

Also, which I've only seen one person mentioned, the interest saved in the loan is monumental.

There are some large FB groups for Indy and the suburbs, I would check them out and they will lead you to the in person REIA

You'll figure out more questions as you talk with other agents and brokers.One last piece of advice, its not the end of the world to change brokerages later (beware, some to many brokers seem to take this personally). 

Projected returns based on entry cap may be high but actually making those returns is very tough.

House hacking will also give you some personal "property management" experience.