It's those maniacs that buy homes cash via quit claim deed off of craigslist that really get screwed.Make sure your property manager is a licensed real estate brokerage.Google Clayton Morris scam and/or Morris Invest scam for a cautionary tale of what not to do when buying turnkey real estateUnderstand you can not eliminate all risk, only mitigate it.

one argument i heard against that was that if you basically have all the transaction done via 1 bank account, you essentially cant argue these are separate businesses in case of a suit   

Let me know via PM if you would like his contact info (moderation wouldn't allow me to post it here).Duplex price per square is generally better value than SFH, but it really depends on what your long-term strategy is with the property.

The house next door is like 2 feet away so they have to access via the neighbors wall. 

I also checked with several accountants and buying and holding property in the UK via an LTD company is the most tax effective way to do it (we did tax projections over a 10 year period).

I had found them via a Facebook group and the rep sent me their loan programs that seemed really good!

I also perform virtual tours via Facebook messenger, its a good way to do live video tour and have questions answered on the spot for perspective tenants without having to have their contact info, not to mention doing a bit of peeing as to how they live on their FB feed. 

If they are approved, they can easily transition to make payments electronically via Cozy.As far as ideas for obtaining leases, you could reach out to a few local realtors and see if they'd provide a copy of the lease they use for their clients.

In order to make the switch from guaranteed income via interest, they'll want equity ownership and participation in the equity upside.

If you run eerything through your LLC of which you are the sole owner, it all flows through to your personal 1040 via Schedule E.Go speak with a tax professional.