You could allow applicants to enter without supervision and this would be fine until you have that one person that causes a problem, like squatting, and then you will realise how reckless a decision it is to allow a stranger into a property worth tens or hundreds of thousands of dollars unsupervised.The reality is that if a owner does not want to do the work or is not interested in doing the work associated with operating their business it would be wise to either hire a responsible property management company or sell.As some have indicated there are simple and cost effective ways to do it but safe is not possible.

The price per lead was minimal.

If number of posts about there being a bubble is a contrarian indicator, then we should be just fine for now.

My plan to mitigate this risk, from the minimal knowledge I have is to:Fully understand the ARV's in the areas.  

its in a good area in regards to minimal crime, strong local university near by, steadily growing city (not exploding).  

However, since I plan to re-occupy the larger house at some point, I am particularly motivated to prevent or minimize damage to it. 

Minimize it! 

He will give you the right advice regarding minimizing your taxes.I can give you lots of attorney recommendations but it depends on what you want the attorney to do.

I screened my tenants well and I've been lucky so I have minimal (read almost $0) capex or repair requirements.

How do you creatively minimize taxes while also ending this type of company?