The firms I do the books for have very few LLC's, and for simplicity I do not 1099 them.

Where would we find what law firm is handling the foreclosure?

Acquisitions team, renovation crews (fully licensed and insured), Property Management, and a Real Estate Investment Brokerage in case you ever decide to sell.By teaming up with a solid firm you can mitigate your risk and have some "boots on the ground" that have your best interest in mind. 

That again doesn't discredit his advice in any sense --- but I think it is worth disclosing your relationship with Renatus when recommending @Tristan S. to use this trust structure while also recommending to use Mark and his firm: "...If (s)he chokes on it, I can refer you to someone who can handle it (JD/CPA Tax Attorney / Accountant)." 

Hello BP Community, I'm eager to start a career in REI.

I would not replace or upgrade any cosmetics nor change the lease from month to month until I have a firm plan of action going forward.

The specific attorney in that firm is Christopher Basler, and he's been great to work with, though who you work from the office may depend on the area you're filing in.

The back end administration and reporting is not really any different than a mainstream IRA from a financial services firm.

In the story, the founder of the firm, Lew Ranieri says:Single-family homes aren’t a good long-term investment for landlords because upkeep expenses and renovations for new tenants cut into profits, Ranieri said last year."

Does anyone have any experience having owned and operated a 3rd party property management firm?