I would definitely use your own Title company if possible.

Yes, this is great and definitely works.

Yes definitely.

Thanks you Alexander, you are correct it looks like for the long term this area definitely is worth consideration, however just from some of the research I have done in the past few days, Elizabeth still has a better cashflow to cost ratio for the time being, don't you think?

The renters will contract with and pay rent to the management company (not to us).I would like to protect the property and my personal assets from any legal risk from renters.if we use an LLC to manage that risk…1) Does our property need to be in an LLC or can it remain outside somehow2) What role is the LLC business performing (is it also considered a property management business and thus require a real estate business license in some states)? 

I would definitely be hoping to put as little of a downpayment as possible and have been interested in FHA for a while.

Definitely as a first investment property, do not go out of state.

We are wanting to start a House Flipping business and are just looking for some legal and tax advice.

If they always pay between the 15-19th, on the 19th I'm harping on them to pay or issuing the legally binding delinquency notice. 

Being busy with school and sports can definitely make it hard to make time for investing.