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.

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. 

Personally, I'd prefer to use that money payment on a fix and flip, or for marketing expenses to find that next deal.So here's what my wife and I did.

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

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

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

I don't personally invest there but I know folks who do.spend some time there, go to REIA meetings, meet people, do non-Internet things.

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

I personally wouldn't put 75% down on a property.

I imagine this level of personal capital exposure has an effect on how much risk they are willing to take in a deal, both with the asset itself and the structuring of the transaction.