Based on what I have heard/read thus far, it seems like I don't need a formal legal structure such as LLC for running this is as an active business (but I may set up an LLC for asset protection, which is allowed by my mortgage lender).

I didn’t read this section.

This can be a huge expense.

I ask them to verify nothing has been late and more often than not the prospect lies and was late this year on a car payment or CC which disqualifies them but sometimes it was just an unfortunate circumstance medically that I don't know if I could dig myself out of either. 

The home inspection hasn't been completed yet, and the seller has requested that it proceed without addressing this particular issue.

Hi BP, I'm looking at a few off-Market deals in Cleveland OH, this will be a new market for me.

Hello I just rented out a duplex and in the lease I have this clause : Appliances: The appliances have been supplied in complete working order.

So hence the cowboy house was born out of this and this was one of our more fun projects!

Hope this helps keep a finger on the pulse here.

If you don't know how to do any of this, I recommend you hire an attorney to help you with the process.Do yourself a favor: buy "Every Landlord's Legal Guide" by NOLO.