Deed each in separate Living Trusts and make sure you have GREAT insurance and an umbrella policy.

You trust your new 'team' on the ground.You have no idea how to manage a property with the low quality tenants.You buy in an area no PM will manage,You hire a PM that takes what little money is paid for rent for expenses or fees.What can not go wrong?

How do I go about doing that without just trusting the seller will give it to me or whatever? 

Maybe by looking for some kind of a hit out of the park, you pass on some decent deals that will cash flow in a matter of months (with some creativity).Trust answering those questions will help - always like to offer a contrarian view... 

The kicker for her was when I told her how much money we had in the stock market and letting her know that if she can trust me with X in the stock market, she can trust me with Y in real estate. 

Yelp and Angieslist I trust more as . they actually use algorithms to filter fake reviews.

I personally use State Bank of Lizton, but Hendricks County Bank & Trust, Citizens Bank, Elements Credit Union are all good local entities.

I'm looking at purchasing a property subject to an existing Deed of Trust.

Questions: - There was no previous lease given to this tenant- everything was based on trust with the old owner.

Do you find an independent, trusted associate or inspector in the area?