In my case, I work from home in the evenings, so I put provisions in the lease that clearly defined what an ER or *dire ER* is, along with when and how to contact me for said issues.

I am very hands on in all aspects of my RE business and have always done my own taxes…When you started investing in Real Estate, you were not a Real Estate Professional and were subject to passive loss limitations when you were doing your taxes.These Passive Losses have grown and carried forward from year to year.

Don't pre-define what these relationships look like, but let them develop into whatever makes sense.Some people you reach out to won't really develop into anything long-term, but some may.

Y'all are forgetting Bill Gully or Gulley cant remember which.. on technical aspects he is very sharp..

I have the start up funds necessary and have been doing my due diligence in the research aspect.

Also, what if this is not the only aspect of your business (also own rentals)?

I see certain aspects of each that I like.

I was surprised to that you need a RE license to do property management but I guess the leasing aspect of it is the reason. 

As @Wayne Brooks said.Title companies insure what you give them to work with.Settlement agents, such as escrow, hold money and docujents and settle-up at closing pursuant to instructions from counterparties.Auctions are often all-cash, no contingency sales; what you see us what you get.Every auction has a terms of sale policy which defines and discloses what the buyer may receive. 

It is a good community to network and learn about all aspects of real-estate investing.